Well, ... today's cash-golds violation of the 50-day certainly added to that speculation that Gold could very well see the $1,300 level now, ...as the $1,300 did open up today, ... as it has not had any type of recovery, as of this moment anyway. A close above the 50-day would help some but the violation has printed.
MUX filled and re-tested the gap, it filled it late morning and retested it again early afternoon, ... unable to move off its low and instead printed another ¢ lower, to ($2.67).
MUX took out the pivot of the intra-day bar that it gaped off of, that pivot was $2.67, and its been basing in that range since.
Today's close, or tomorrows open will give us our answer.
I'm starting to see some neutral volume, (blue). $2.69 seems to be the center, the low at $2.67seems to be holding, thus far anyway, which is just below the gap we talked about ($2.68), and the high is basically at $2.70. That's a very defined Intra-day base from 11.30 to present, it looks like it was ready to move higher, but they held it down.
~~
The line in the past 5-days sits at the $2.66 and I am debating a buy-more or a sell if it breaks below the $2.66.
Watching the $2.67 for my clue.
 |
