XAU SSRI AU GG 042407

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.