Gold prices continued to consolidate this week but perhaps the more notable item is the steady build of higher-lows, and the respect of trendline support following the $4k support hit on Tuesday. It was now a month ago that the double top in gold broke down, but prior periods of consolidation lasted for two months last year and then four months earlier this year (into the Jackson Hole Economic Symposium), so it may take some time for buyers to push trend continuation in a meaningful way. It’s consolidation big picture as we now have a symmetrical triangle pricing in, not too dissimilar from what showed earlier in the ... (full story)