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Did gold just make the spring high ?

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Bill Downey
Gold Trends
Published : April 21st, 2016
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The one thing i didn't want to see was a NEW high at the blue cycle.  Now the question is has gold just INVERTED and changed the rotation to BLUE CYCLE HIGHS (bearish).   If yes, then odds are high that gold has just put in the spring high.   



Although we can't be sure just yet,  the COMMERCIALS are heavily short gold and long the USD dollar.   
If silver can't close above 17.25 on Friday, it will add more danger to the longs.   With silver making new highs this year along with Platinum and GOLD NOT DOING SO leaves the door open for the downside.  

I'll have a full update tomorrow on the website.   




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Bill Downey is the editor of www.GoldTrends.net where he monitors the price patterns on an hourly, daily, weekly and monthly basis. He offers commentary on what it all means along with support and resistance levels along the way in advance of each day's trade. If you would like to join for 30 days he offers a free trial. Visit his website home page for details.
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