Just when it looks as though bears might have a shred of hope, potentially bearish setups turn bullish again. Ho hum. It’s only been like this for a dozen years, so why expect anything different.
Right now, this pattern only has clearance to 4697, where it runs into chart resistance. But if it clears that, then it will set its sights on testing the high of 4711. God help the bears if they clear that. They’d get to 4745 in a heart beat, and the measured move implied target of the big base pattern would be 4950.
Although I don’t think they could do it today. 
More later! Meanwhile, the big picture.
Reason for Hopeful Pessimism on Gold
What I Did Won’t Surprise You, as Buy Signals Surged in Swing Trade Screens
Here’s Why Truncated 6 and 12 Month Cycles Are Scary
Why It’s Big Trouble that Real Time Tax Data Shows Economy Still Growing Fast
When the Fed Balance Sheet Will Hit the Fan
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