Gold From 'On The Go' To Narrow

What's in our next two-panel graphic are the daily bars of Gold (below left) and Silver (below right) along with their "Baby Blues", those dots of regression trend consistency. As much as we are looking for price to rise near-term, neither panel looks overly encouraging. Gold's "Baby Blues" have been zooming up nicely, but with trading at present out of puff, they look set to stall until price itself begins climbing the wall. As for Silver, it's gonna be playing the blues should its price not rise soon:

And as for their respective 10-day Market Profiles, Gold's narrowness (at left) thus finds price in the belly of the beast, with Silver's struggling (at right) to maintain the 25s. 

Still, the fundamentals remain Gold-positive (understatement), even if trading at present is narrow. The stateside legislative rranch's raising taxes (thus reducing already terrible earnings) will send the S&P 500 over the cliff, while the Executive Branch's certain signing for another $3 trillion in spending will bode well for one's Gold lode

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