Recent: 2015-02-25-Gold Pit.png

2015-02-25-Gold Pit.png

Picture of today's pit action in /GC. 
Classic stop cleaner right before the open - 1st arrow. 
Followed by selling from start to finish (highlighted in yellow). Never a 15-minute candle closing above the 8-EMA. 
Then, as soon as the pit closes, it immediately starts rising and gets a close above that MA. 
The miners have been strong all day. What happens next...

Comments

SkipperleejonesSkipperleejones
Could be big head-fake . I don't like the gap higher drop down and NOT at least fill gap... However strength in crude along with a posted close over resistance on ECM15 may play out nice for GC bulls. 2/25/15
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