Gold had its best day in months yesterday, but how long will the animal spirits last?  We may be better able to answer that question after we’ve seen how the April Comex contract interacts with two recent peaks located just above yesterday’s high. They are identified in the hourly chart below and lie, respectively, at 1110.90 and 1118.50.  Notice in the meantime how the entire length of yesterday’s steeply vertical surge occurred without a visible pullback.  This is a promising “impulse leg” indeed, and it would wax still more » Read the full article