Chart Of The Day: XAU

Gold may be heading for a retest of 1045. On the bright side it doesn't appear the miners will be anywhere close to testing last years lows which would set up a nice divergence.

There is the undercut. In My opinion this needs to reverse within next 2-3 days or gold is heading for a retest of 1045. On the bright side it doesn't appear the miners will be anywhere close to testing last years lows which would set up a nice divergence.  

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