GLD Update

Last night the CME lowered the margin rates for gold

This morning Gold Broke out of the volatility squeeze I showed in the above post, but so far, it's looking much like the rest of the market in the short term.

A 1 min negative divergence-so don't be surprised if it retraces a bit as it already has started to do.

We'll have to see what it looks like as the longer term charts develop being this margin decrease is a new parameter introduced.