SUNDAY EVENING GOLD GAPS UP ON THE OPEN TO THE 75% RETRACE POINT AND IMMEDIATELY FALLS TO FILL THE GAP

GOLD HAS ESSENTIALLY BROKEN OUT OF THE VERY SHORT TERM WHITE DOWNTREND CHANNEL/FLAG, HIT RESISTANCE AT THE 75% RETRACE POINT, AND PULLED BACK TO FIND SUPPORT AT THE TOP WHITE DOWNTREND CHANNEL LINE, MORE OR LESS CLASSIC TECHNICAL BEHAVIOR. NOW GOLD WILL HAVE TO DECIDE TO EITHER RISE TO TEST THE NEW ALL-TIME HIGH, RISE TO HIT, OR BREAK THROUGH $1400, OR PULL BACK ON B BACK SELLING PRESSURE. MOST ACTION IS MOST LIKELY AROUND MIDNIGHT PST (NOW STANDARD TIME AFTER WE SET THE CLOCKS BACK ONE HOUR THIS WEEKEND...DID YOU?...DID YOU CHANGE YOUR SMOKE ALARM BATTERIES?)