Early morning, GCM3 moved down to as low as 1539, bouncing back, moving above the previous post posting price $1550.5 and it's now trading at 1553.2.

I like to share my gold chart with you. It's a one hour chart, continues all contracts, June front month. The circular ratios you see there, start at the low made at 4:00 AM today. Each circle becomes S/R in time and price. Basically what you see in the chart is an opinion base on a mathematical model and some technical analysis on two possible outcomes where $1560 becomes the "switch" If GCM3 was to move above the switch then $1526 is off and a counter trend rally has started with $1629 objective "on".

Again, just my opinion here, the market has the last word and in due time will show me the way.

g

You've got to be very careful if you don't know where you are going, because you might not get there. .-. Yogi Berra

Lawrence Peter "Yogi" Berra (1925) is a former American Major League Baseball catcher, outfielder, and manager. He played almost his entire 19-year baseball career (1946–1965) for the New York Yankees. Berra is one of only four players to be named the Most Valuable Player of the American League three times and is one of seven managers to lead both American and National League teams to the World Series. As a player, coach, or manager, Berra appeared in 21 World Series. He was elected to the Baseball Hall of Fame in 1972.
Berra is widely regarded as one of the greatest catchers in baseball history. He was named to the Major League Baseball All-Century Team in a voting of fans in 1999. According to the win shares formula developed by sabermetrician Bill James, Berra is the greatest catcher of all time and the 52nd greatest non-pitching player in major-league history.

Berra, who quit school after the eighth grade, has a tendency toward clever quips. "It ain't over 'til it's over" is arguably his most famous example, often quoted. Simultaneously denying and confirming his reputation, Berra once stated, "I really didn't say everything I said."