I suspect we're still trying to find some type of consolidation range and just simply waiting to see if the war gets any worse. With this, a market moving event has to be in the back of the minds of traders. The gold market rallied early on Friday to stabilize again with the $5,200 level opening up a potential resistance barrier. All things being equal I think short-term pullbacks offer buying opportunities and clearly this was somewhat US dollar driven and with some of the mixed numbers coming out of the labor market in the United States I think you've got a situation where people just don't really know what to do ... (full story)