Yesterday’s tortuous rally died in a suspicious place, a single tick below an ‘external’ peak so subtle that it doesn’t even display as one on the five-minute chart (see inset). Under the circumstances, although I’m looking for a bullish ride in Gold at the moment, I’d suggest keeping your distance from this vehicle today. For camouflageurs, this one looks like an expert slope to me, with slightly better odds trading from the short side.
