|Click on the chart to ENLARGE|
Overnight gold made a new all time high, reaching $1,444.70. Which now begs a very good question. Did the daily cycle really top on Day 22 and bottom the following day, OR, is gold making a stretched daily cycle and still working on making a top (today is Day 25)?
If Day 22 was the top, gold would appear to be entering a runaway move. If today or some day soon gold tops then we should expect it to decline to make a daily cycle bottom.
The answer? Your guess is as good as mine.
In either case, it is upwards we go - continuing today or in a few days.
My page Tomorrow's Trades (Today!) has been updated for today's trading session.