Gold needed to cross below daily 50ma in order to go higher. Also, this appears to be the beginning of the breakout from the wedge. It looks like a whipsaw. I expect gold has a short term bottom here and will be up over the next 5 days. I don't think we are starting the next leg up over 2K. We need to wait about 4 weeks for that. I don't know how bullish of a breakout this will be. I've put 3 possible price targets...
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Well, I couldn't be more wrong on that one.
It does look like we may be bouncing off the (D) MA100 (for silver also)
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