1 hr and 5 min Charts of $GC_F (GLD)
now what? perhaps a test of 1668 as the volume which flushed and traded on the spike was almost 17,500 contracts.
Jackson Hole speech coming Friday.. gold and bonds will stage large moves… If he prints, gold jumps.. if he disappoints the QE seekers.. it falls… and bonds will perhaps rise…
|5 min GC – note the white oval at 1668.. the up trend..|
|1 hour GC.. note the trend break and volume today..|