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Gold: Markets Carving Out Tight Consolidation Range

From dailyforex.com

Gold markets fell during the trading session on Wednesday but also found buyers at the same level it had on Monday. Because of this, the market continues to see a lot of choppy behavior in this short-term area. At this point, it looks as if the market will try to figure out where it wants to go next, probably paying quite a bit of attention to the US dollar, which got hit during the day. The lows from the Monday and Wednesday session are both offering support, just as the shooting star from the Tuesday session is offering resistance. On the other hand, I think the one thing you should be paying attention to is the ... (full story)

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  • Category: Technical Analysis