Gold continues to coil remaining within the broad channel. It made the low for the week of August 29th, then rallied abruptly for a 3 day reaction stopping against at the top of the channel leaving the Daily Bullish Reversal still standing as 1358.10. The Reversals have done a good job and this is actually an appropriate example of how to use them to stay out of trouble. Gold exceed the 1362 Month Bullish intraday moving up to 1377, but then failed to elect that number only to go crashing back down. On Friday, we had the 1311 Weekly Bearish. Gold fell to 1305 and then failed to elect that number only to rush back to the top of the channel.