This is already 70 points straight down. If this rising TL doesn't stop this, it could go much lower:

Hmmmm, 41.00, rolling right off that 44.50. I can't wait to see if it sustains.

Is 41.00 in the KZ going to be it?

37.50, down 7.00 point so far. Well, I'll be. After a 'retest' of that 44.50, it really started to roll. I thought they'd play that game of trapping people and gunning it up. But, my favorite people in the whole world, sellers, are still around.

Now, with gold right back at the all-time high, how long do you think it would take to see $2,000+, and higher, if any kind of bad news came out of a European bank or sovereign, and some market meltdown started? I could see $2,500 in a blink, maybe even $3,000. I'm not saying it will happen, I'm just saying if we get any big selling in the market I could see it easily.

On the way down, if this keeps selling I'm watching 35.50 (the stop run), and 31.25-32.75 or so.

Less than a tick from the .886 and they gun it up. No surprise there...

So much cool price action stuff has happened, even though it just looks like a range down here, and I just don't have the energy to describe it all typing one-fingered as I do. Watch this bearish 1.272 ABCD here for clues. I think it will blow it out to the upside and rise a bit, but the last time I thought that, it didn't. I just form premises, look for positioning, let 'em fly, and manage accordingly. That's all I feel I can do.

And after a KZ dip it blows it out to the upside! Yay, I got a read right. And, this was highly tradeable, in my view, as far as entry. Let's see if they have any juice now, or if it just starts to range again.

BAMM!!!! there it goes.

47 here should be at least a small challenge. It may even be a difficult challenge if the sellers are still lurking. Let's see.

I think they want up, big up, real bad. Just a sense I get.