A lack of conviction has taken over the medium term trading range between $1660/$1764 with a spate of small bodied daily candlesticks. Both technical and fundamental signals reflect uncertainty, so it is difficult to take much of a view on gold right now. Despite this, we continue to believe the next key break will be to the upside, but for now are cautious over the near term trading prospects for gold. Fundamentals/Newsflow Broad markets are in a phase of uncertainty and lack conviction. The same can be considered for gold. The correlations that traditionally drive gold are not conducive to a near term breakout on ... (full story)