gold closing line chart basis...

still has not broken out yet and I'm still not convinced it's ready to make that next move up above 2000 YET

UGA breakout after long consolidation now could approach 70 before losing steam..

Gold ceiling just as the dollar is no longer bearish...

Interesting that gold should test the upper extreme ceiling just as the dollar sell signal is coming off and where technicaly both the bond and dollar should bounce higher from here...

US Dollar RSI sell signal....

and in the same way the long bond worked off it's RSI sell signal and is beginning a new leg up so has the dollar worked off it's negative RSI divergent sell signal ( or is very close to it's minimum target) and is read for a new leg higher and with it lower stocks and gold prices... or so I'm thinking.

Based on the current pattern of shadow nyfed equity intervention..

I suspect there is no support for gold until or unless /ES rolls over and test the lower channel line, which if that should occur look for a large spike higher on the gold chart as the NYFed  comes back in to buy stocks...or so I'm thinking

RSI sell divergence on 10 yr treas futs has been relieved

and just as /es is hitting the highs.  I suspect we will see a key reversal lower in stocks either this afternoon or tomorrow and mark the high water mark in stocks as treasuries resume their rally once again.

As you might expect, "There's no honor among theives"

I've noticed (maybe because the volumes have been so light) that any time the invisible hand (NYFed??) comes into the market to support stocks someone within the organisation leaks it to someone who then ramps gold up in spike like moves higher.  I've overlaid the active /es over the active gold contract on a 30 minute chart and you can see them step in any time there is a risk that the trend line breaks which then triggers near panic buying in gold. or so it seems....