Here is an hourly chart showing pit and electronic trading in August gold futures since the 546 low a couple of weeks ago. I last commented on gold here.
I think gold has ended its rally from 546. The next development should be a drop to long term support at 535 which is the 2 and 1/8 multiple of the 1999 low at 252. Once the 535 level is reached I think the market will rally $100 or so.
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