AI
Wednesday, October 14, 2015 9:14:22 AM
badda-bing badda-boomskee
Gold double-topped at ~$1176/oz overnight -- it's 200MA resistance, which also happens to be where the upper BB is.
Crappy data out of China, as expected, caused Yuan devaluation and a spike in gold. Then, this morning, shitty US retail data caused a second spike, bringing gold back to the 200MA shortly after it had been smashed down away from it.
Give 'er a few days to move the BBs up and we will continue a nice rise.
BAA
Gold double-topped at ~$1176/oz overnight -- it's 200MA resistance, which also happens to be where the upper BB is.
Crappy data out of China, as expected, caused Yuan devaluation and a spike in gold. Then, this morning, shitty US retail data caused a second spike, bringing gold back to the 200MA shortly after it had been smashed down away from it.
Give 'er a few days to move the BBs up and we will continue a nice rise.
BAA
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