Gold prices are grasping to hold support at the $5k level and I looked at this in close detail during yesterday’s webinar, getting down to the one-minute chart to monitor how buyers could defend that price which has so far held. As I looked at last week, the bigger picture bullish bias in gold very much remains in-place but what is more of a question is whether the current bout of consolidation is ready to yield to trend. In past periods of consolidation, we’ve had two months at the end of 2024 or four months in the middle of last year – both periods when markets were debating future Fed policy direction. It seems ... (full story)