Gold has been like a juggernaut the past week.
Let's see if it can take out 1240 without getting too overbought.
As a reminder next week is September options expiration for gold and silver.
Gold Daily Chart
Gold Daily Chart - closer look
"O that I could find in the desert a wayside shelter for travelers, that I might depart from my people. For they are all adulterers, an unfaithful mob of traitors. Their tongues are devious weapons, bent like drawn bows. With falsehoods rather than truth they have gained power. They commit one crime after another. They do not know me, says the Lord. I will make Jerusalem a heap of ruins, the lair of jackals. I will lay waste to Judah, a desolation where no one can live."
Jeremiah 9:2-3,11
Gold has been like a juggernaut the past week.
Let's see if it can take out 1240 without getting too overbought.
As a reminder next week is September options expiration for gold and silver.
Gold Daily Chart
Gold Daily Chart - closer look