Gold has been bouncing off 850 for a very long time.
Too long to excuse in this chart pattern.
Gold is range bound it is not a W or head and shoulders it is ranged bound.
It will take news to move gold and when it happens it will be a big move.........because we have a lot of people who bought at 850 and a lot of people who shorted above 900.
When Gold breaks out of this 2 month plus trading range it will be a big move.
I am betting on the upside with a stop at 839
Too long to excuse in this chart pattern.
Gold is range bound it is not a W or head and shoulders it is ranged bound.
It will take news to move gold and when it happens it will be a big move.........because we have a lot of people who bought at 850 and a lot of people who shorted above 900.
When Gold breaks out of this 2 month plus trading range it will be a big move.
I am betting on the upside with a stop at 839