Gold in tight range again
已更新
As expected, last week gold dropped once more below 2300.
However, after this new dip, bulls quickly took control, and the price swiftly rose to the familiar 2330 zone. Since Friday, the price has been ranging between 2320 and 2335, and a breakout in either direction could determine the future trend.
A break above 2335 could lead to a new test of 2370, while a break below 2320 would expose 2300.
At this moment, I am out of the market, waiting for more clarity.
However, after this new dip, bulls quickly took control, and the price swiftly rose to the familiar 2330 zone. Since Friday, the price has been ranging between 2320 and 2335, and a breakout in either direction could determine the future trend.
A break above 2335 could lead to a new test of 2370, while a break below 2320 would expose 2300.
At this moment, I am out of the market, waiting for more clarity.
注释
Gold is testing support again
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