NLEMCHIfx

up nearly 1% today as has pulled back and the 10 year bond has also pulled back. The orange wedge pattern remains the key feature to watch and it will be forced to break out one way or the other in the next week or so. Until then, I have gold as 50-50 so no trades for me.
$GLD $GLL $GDX $GC $XAU

and the are struggling again today. Gold is currently down 1.3% and looks like it will close below the orange lines. If it does (it still hasn't confirmed so probabilities aren't as high as after confirmation), it likely tests the $4380 support level next. That should give a bounce which I will look to day trade but it might only be small and I still expect this to go lower in the coming months.
If 4380 breaks, 3900 is the next major support. This would be the first level where I will start to consider the a major bottom is in (although my base case is currently for it to go lower than that).
$GLD $GLL $GDX

just about holding the lower orange support line still. Whilst above there, it could still get a move up. But this does look weak and a drop to $4380 is now more likely than the move up to $5000.
If it does drop, 4380 should still be support and could be a day trade, but I wouldn't swing long there as this might only be a small bounce.
$GLD $GLL $GDX

Gold broke out from a 3.5-month consolidation and presently consolidating gains likely before a run to $5k. Run to $5k most likely going to be lightening fast catching most unprepared...