Gold Update

Gold finished the last trading session of the year up slightly.

It did not convincingly break out. Therefore, I did not add anymore long positions. Weekly closing are very important. Especially with a three day weekend. Traders that hold positions over the weekend are the strong hands. This tells me that traders were comfortable bidding up the gold price into the weekend. I will still need to see a sizable up day that blows past the 1905 level to add more longs.