I think we might be approaching our next leg down in this recent rally, my list has been turning red over the past half hour, ... while the Big-3 started parring its losses.
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Gold made a new monthly high this morning before dropping back down to near its open, ... its been hovering just above its 200-day EMA since its recent rise, ... its lowers are at or near overbought as the Stochastic looks to be ready for a crossover.
As of this morning, ... last Thursdays long-bar has not been filled yet, and if it cant do so by this coming Thursday, ... I would then guess we might be moving another step higher before doing so, ... and at that point, ... I would expect a 1/2 to 3/4 fill at some point, which could drop it to the low $1,280s, about where the 20 and 50 are touching.
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While the Dollar has been going somewhat sideways this week, (after a two week decline), ... as its making lower lows and lower highs, ... its lowers are nearing oversold and the Stochastic is showing signs of a flip, $80.50 might be a possible target, which would still be a lower high off of this recent rise.
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