Interesting Move in GLD

Yesterday I put out a pretty comprehensive update on GLD and followed up today. As has been noted by an influential website, gold moved up today, " With no news at all, in a span of minutes, both gold and silver have soared"


If you read my analysis yesterday, then you may remember this point I made,


"Now we have another possible breakout of the range and again volume is low. To entice longs to buy this breakout, it will have to make a new high and surpass the former breakout to remove any lingering doubts."


Today's move...

And with that move, yesterday's condition is fulfilled and it looks like buyers stepped in as I envisioned.

Now's the time to start paying attention...


GLD got a little boost from none other then, the Australian Dollar...

 GLD in green, the AUD in red on a 1 min chart.

The longer divergence though remains intact...

So now is the time to pay attention for signs of a possible head fake now that the conditions have been fulfilled.