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Gold: Look for Momentum in a Range
The gold market continues to hang around the center of the overall consolidation area that we have been in for what seems like a lifetime now. The market participants seem to be looking at the $3,200 level as a potential floor in the market, while the $3,500 level above continues to be a major ceiling. With that being said, I think you have a scenario where traders are going to be looking to at least attempt to push gold higher with the 50 day EMA underneath offering support.With that being the case, I think you have to look at this as a market that will eventually find technical buyers. And of course, you should ... (full story)
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- Jul 21, 2025 5:04am Posted byTechnical Analysis339
