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Gold Struggles with US Dollar Strength on Wednesday
Longer term, who knows, but it is worth noting that we made a strong swing high back in the late part of October, only to turn around and sell off. The market certainly shows that we had a significant drop, but after we rallied, the volume continued to drop. So, we do have divergence as far as volume is concerned. Whether or not that ends up being a problem remains to be seen, but it is certainly something that I don't like. The shape of the candlestick shows weakness, but the $4,000 level continues to offer support. If we break down below $3,900, that would be very negative, and then I think you will get a deeper ... (full story)
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