Today's Gold analysis

Well, another moving day for gold.  After the Greek election, which was supposedly good news for the Euro, gold gapped down, while the Euro gapped up. It would appear that the herd no longer needed to have their money in the safe haven of gold and instead were buying the Euro. Or so the MM would like us to think.  These gaps are artificially made by the MM to fool people.

Anyway, gold fell well into the afternoon, and then we had a selling climax right into a demand zone.  This is the second selling climax into this zone in a matter of days. The MM are really shaking out this market and taking out all the weak longs.  Price then rallied over $17 dollars to just below the supply zone I pointed out on the last analysis.  I reckon, that we will break above this zone tomorrow, or we will sell off massively. Toss of a coin, but my money is still on the long side.