Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.
Spot Gold Acts Surprisingly Resilient After Friday's Downside Reversal
I'm not sure what is driving the financial markets today, so far, but one interesting set-up continues to be spot Gold, which, off of Friday's downside reversal, could have inflicted more serious damage to its March-April advance ($1194.85 to $1269.57), but, instead, has held near-term support at $1245-$1240, and has turned higher, climbing to unchanged, $7 off of the intraday low...
As long as today's low remains intact at $1247.06, my overall bullish set-up, and anticipation of upside continuation to $1325 sooner than later, remains intact and viable...