Gold stalls at $4,500 as bears push back, but broader trend remains intact

From kitco.com

The short-term battle for $4,500 has resolved in favor of the bears. Bulls made a run at the upper resistance line of the parallel channel, but the failure to break through opened the door for sellers to step in aggressively. The key question now is whether that short-term weakness signals a shift in the medium-term trend. For now, the answer appears to be no. Price action still reflects a choppy, sideways market, marked by poor sentiment and a lack of conviction on both sides. chart Could gold fall back to the lower end of the channel? That scenario remains on the table, particularly if momentum continues to ... (full story)