Spot gold has been a real tease over the last 36 hours.
If gold hasn't found a new bottom yet, it isn't far from it. It certainly is within the realm of possibility for the Chinese to break up through the black line overnight. But I think that there is still a small amount of unfinished business to the downside and that gradient doesn't quite look steep enough. Don't know. Anything could happen within the next 8 hours.
What a tease spot gold is. Almost as bad as Dita Von Teese.
/DX is the culprit :) US$ moves hit /GC every time