Gold hits $1218 as the epic turnaround continues

Gold shorts are being lined up and slaughtered.

Prices are up $76 from the intraday low at $1218. The bullish candle engulfs the past 15 sessions. The speculative market was clearly caught short on the Swiss referendum. Selling gold ahead of it was still a good trade — so long as you got out in time.

Gold reversal

Gold reversal

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