Gold (GLD proxy)

Well thus far, all we have in this 'over bought' metal is a needed breather as this powerful move has been supported by the EMA 10, as opposed to the usual EMA 20.  That is a sign of power and strength and it would be healthy (for continued short term upside) to get a retrace to either of these MA's over with.

It will also be healthy in a bigger picture to get a retrace to the SMA's 50 and/or 200.  All a matter of perspective.  But gold is on a technical rampage and anyone in disbelief of this is clicking heels as opposed to considering facts.  That is because fundamental facts, some of which are riffed upon in this morning's previous posts, are undeniably bullish.