Gold: Trading Range Forming?
It seems like we should get a number of trips back and forth between 1100 and 1168 as gold consolidates in a wide trading range for a while. It's a big enough range to trade in both directions, in my opinion.
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Permalink Reply by Steven Vincent on
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A lower high in the 1147 area looks likely here followed by another trip back to the 1100 area. The nascent, choppy uptrend has been lost and it about to be tapped from below. 1147-1150 is now also horizontal price resistance. Crude Oil has already shown a bit of weakness.
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