Date: March 2015: 2015-03-06-Gold 5-min.png
2015-03-06-Gold 5-min.png
Update on those 2 trendlines in gold from this morning.j
Zooming in with the 5-minute view.
Weak bounce off of the uptrend line initially around 5:00 AM EST.
Sliced right through it on the 2nd attempt at 8:30 with the jobs data.
Then, slight pause at the downtrend line beginning at 9:00.
Gets through there at 9:15.
Bounces back up for a retest from beneath at 9:50. Then, falls away.
Nothing to buy until we see a bounce with strength.
Would be even better if it retakes the lower line and holds above.
Otherwise....lower is the game here short-term.
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Mr.Flakes
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