On Friday, after spending most of the morning below 4300 key support price level, massive buy programs in the afternoon managed to push NQ up to 4325 resistance, and then closed just above 4325 resistance, setting up a potential short-covering rally on Monday, unless of course NQ trades back below 4325 key inflection price level for Monday.
If NQ failed to stay above 4325 is likely to trigger some selling, first support is at 4300. NQ needs to break back below 4300 to be bearish.
If NQ can stay above 4325 on Monday it is likely to trigger some short-covering, nest resistance is 4370.
With major central banks on money printing binge, they are beginning to lose control of their gold price suppression scheme. A total loss could rocket gold price into the stratosphere.
