There are signs that gold is beginning to revert towards more of a safe haven asset play. However, near term moves are also increasingly less certain as a trading range has formed between $1660/$1746. A mid-point pivot around $1702 has become a gauge and with this morning’s slip below the pivot there is a slight near term negative bias forming. Despite this, we still see near term weakness as being a chance to buy for medium to longer term upside. Fundamentals/Newsflow The signs are growing that gold is increasingly reverting to its traditional safe haven play. The tight positive correlation with the E-mini S&P ... (full story)