Those who move the markets have taken the XAU under last week’s short-term, pivot point support. My gut says this is a headfake They’re taking out stops under that pivot. In some of the gold stocks I’m watching, volume hasn’t been that high on this pullback. There is the bearish double top to take into account though.

Silver stock SSRI is near my stop loss here.

AU made a 60-day high just a week ago. I’m anticipating a turn here. I’d expect a reversal to happen within the next couple of days to keep these charts fairly bullish.

GG is worth a look here too on this pullback.

XAU and OIH held up today after finding support at the 20 dma late last week. Looking for sideways action, and then higher.

I bought some SSRI today with a stop loss under the pivot low from Thursday. I haven’t committed to holding much yet, as I want to see how quickly strength comes back.

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SWN, COG, and EOG have charts I’m trading in the oil sector.