$Gold Daily

Given that the weekly chart in gold is showing a very normal wave propagation, the daily chart is showing a pull-back from the 300-day MA and continued bullish RSI. A crossover should occur, since momentum has bottomed, and due to reverse.

Precious metals options expiry occurs this week. In the week running up to options expiry, derivatives options expiry shows a sell in options on derivatives.

Banks will have to settle their options positions against the volatility smile derivative noted on the weekly chart.

http://scharts.co/Q421uO

-F6