COMEX:GC1!   Gold Futures
GOLD Futures
One of the most useful indicators used by all investment banks and institutional traders is Moving Average (MA). When price reaches MA, the volatility ( volume ) increases. Either to break out, or to reject.
In this case, the volume remains average, which means no "smart money" participation, or at least not enough. Low volume rising price is a sign of weakness, as no demand in place.
Most likely, GOLD futures will start to decline again and test EMA100 at $1870.

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