just a quick post on gold.
even though gold did not close on or above 1221. it did produce a weekly swing and closed higher than the previous week which continues to add momentum and technical buying.
even removing the counts. the inverse h&s breakout on two a double pattern points to a target of 1240-1250 in the coming week.
the 1243 area is also a significant resistance, its the 200DMA on the daily so I suspect that would be the next major resistance area or profit taking zone.
some notables. gdxj is big on the SoS list friday, typically a early warning sign for weakness. but this is not always the case.
can gold suddenly drop under 1180? sure it can. but any significant drop is a good buying opportunity imo.