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S&P 500
5,732.93
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US TECH 100
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Post# of 46663
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weazelboy

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weazelboy

Re: JRT post# 26068

Tuesday, 12/06/2016 12:28:11 PM

Tuesday, December 06, 2016 12:28:11 PM

Post# of 46663
I posted this yesterday, but Gold is running into serious resistance on this descending trendline on the 4 hour chart. Getting knocked down every time it tries to break it. A few more periods the trendline will be roughly the same as current support, so something is going to have to give.

I also think the USD is having a deadcat bounce of sorts after yesterday's action, causing a bit of weakness.

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