ridethepig | Gold Market Commentary 01.12.2020

Here selling would be a weak move, though it involves the sharp threat of 'everything back to normal' and 'the virus has gone'. The error is that Buyers are still protecting as the underlying infrastructure is weak, as long as confidence in the public sector dampens, buyers will continue blockading the $1,803 wall.

After spotting the divergence, we are now ready to march forward into the swing. Buyers should not be lost.

The ability to make such differentiations between legs will stand us in a nimble stead. We must, in my books, take each swing as it comes and on a case by case basis, whether the driver is strong or weak, subtle or stiff, etc.

Thanks as usual for keeping the feedback coming 👍 or 👎

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Buyers stepping in... as expected

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A good time to update the Gold chart after yesterday:

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A quick chart update as we approach the 🔑 breakout: