Gold has been one of the more difficult markets to trade since bottoming in August, with almost all of its price action dominated by range-bound activity. During the most recent round of chop gold is starting to show positive signs that it may want to break higher fairly soon. The area from around 1237 up to 1243 arrives as resistance from December and a minor low in July. The reversal bar on 10/26 was proof that sellers are in the area, but the strong recovery after the dip once again has gold knocking on the door. The trend-line extending up from a month-ago should help keep in a floor. Before a breakout can take ... (full story)