by Dan Norcini
Ever since that abysmal payrolls number hit the wires, gold has performed exceedingly well. Additionally, it does seem as if there is some strong gold buying ahead of the upcoming “Brexit” vote, an event which has the potential to create a fair amount of chaos depending on which way it goes.
Here is a 4 hour chart of gold:
[…] Yesterday we noted the region near $1265 as providing overhead resistance. That went “bye-bye” today as the metal easily surged through it and on to the next resistance barrier near $1272. If it can dance above this level for a while, it looks as if it is going to test the $1282-$1285 level.