In my earlier posting on this subject, I referred to "two hours to go," meaning on the stock trading day, not the gold market, which then had another three hours to run.
At that point in time, the gold market somewhat stabilized and drifted a bit sideways with slight waves. This indicated to me that the short traders in gold became less panicked than earlier in the day. But I was just corrected in that observation. POG did not spike on panic from short traders. That may still lie ahead. But why did not silver follow gold? And what might we expect of PMs on Monday?
https://www.zerohedge.com/markets/powells-dovish-comments-send-everything-soaring-gold-hits-all-time-high-dollar-plummets
So, where is the new resistance line?