DislikedHi All Could someone please tell me what cause gold to drop so suddenly after it had been doing very little all day. 1316 dropped to 1307? quite a big drop in less than an hour any idea if I should go long yet or wait a few days? ThanksIgnored
A nine dollar swing is not a lot. It may just seem to be because the price has been moving in literally 3 to 5 usd swings. which are TIGHT.
Otherwise 10 or 20 buck swings are not at all uncommon. The market is going to likely continue moving sideways until either the "debt ceiling" is resolved or becomes a serious issue.
Until then I don't expect much volatility.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News