The futures would need to pop to 948.60 this week to turn the daily chart bullish, but 918.00 would do the trick on the hourly. More immediately, in trading early Tuesday night, a minor rally with potential to around 896.00 was developing. However, it would take a little more than that — specifically, a print at 897.10– to turn the lesser charts positive. That would exceed by a tick a subtle look-to-the-left peak made on the way down Tuesday. The peak occurred at around 7:45 a.m. EDT and is visible on the 5-minute chart. ______ UPDATE: Gold’s gratuitous spasms have become too stupid to watch, and so I will avert my eyes for a while.
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