Gold at a turning point..

 

I stated in the previous Gold posts that I was expecting the rally to top out near the 1380's, and the move finished at 1392..  The drop was sudden with out any good retracements making it hard for bears to join , so I have been scalping a few here and there.. The last few hours the selling intensified and we dropped from 1325 to 1307 in the space of an hour or two.. In my opinion this was a sign that this wave from 1392 has been completed.  I scaled in a few longs near the low building a good position for tomorrow, my average is 1310. Fingers crossed for tomorrow.