Gold was moving higher, although not so energetically that we might have expected a 1771.50 target to be reached. Even so, there were enough technical reasons to support a bullish outlook for the near term, and we examined them in detail during this session. We also lingered on the lesser charts of the E-Mini S&Ps, concluding – correctly, as it turned out — that the ferocious rally begun at the opening bell was nearly spent.
