Gold is getting oversold short-term. 1265 will still act as support and a possible bear trap the first time down.
The metals are under pressure which is a direct result of higher equity prices. Sell rallies not breaks.
Gold just hit 200 day mvg avg resistance
@ 1299.
Gold will continue to trade opposite the direction of the Equity Indices.
They tried the Nasd 100 down and it didn’t get low enough.
SPU/Bonds have, so far, held closing support.
XLF… needs a close below 21.90 to break down.
