Gold, Uptrend Still not Conclusive

I had my finger on the trigger yesterday and just couldn't pull it. Something about the chart action whispered to me that the up move might be a head fake to the upside. You know the kind of move that gets you excited and want to jump on board, only to turn down just as soon as you're moneys on the line. Well, I didn't take the bait, not yet anyway. And right now it looks as if I did the right thing. NY Spot Gold is trading at $628.90, after trading as high as $637 last evening.

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