The Gold Chart I am Watching Tonight (GLD)
As i patiently wait for the ice cubes to melt into my scotch i am simultaneously scalping April Gold. After the move today on helicopter Ben’s comments many gold shorts were Bernanke’ed as the asset rallied nearly 25 points from low to high. The session high was 1356.6, session low was 1325.3, hell of a range, im sure there was some fist pounding on the desks of many prop shops. Below is a 1 min chart of gold which is flagging/consolidating. Draw your own conclusions.