Invalidations in Gold!

From goldpriceforecast.com

Despite yesterday’s improvement in gold, the bears attacked earlier today. What are the implications? From today’s point of view, we see that although the U.S. currency moved a bit above the previously broken red horizontal line (based on the lower border of the orange consolidation about which you could read in previous Quick Gold Alerts) and the 200-day moving average during yesterday’s session for the second time in a row, this improvement turned out to be quite temporary and the greenback finished the day below these resistances, invalidating the earlier breakout – just like on Wednesday. Thanks to ... (full story)