GOLD STUCK SIDEWAYS WHILE WE WAIT FOR A DIRECTION
I waited for some type of direction tonight but nothing. We'll see how rates reports have an affect if any in the morning. Typhoon in China kept volume low.
I'm waiting to higher or lower entries in either direction. It needs to move down to gain strength to push higher rather than weak movements. Buyers need to feel they have a true opportunity and with the US indexes doing so well, it's hard for them this week to yet make the transition. US indexes are running out of earnings. Oil too by week's end will play a role so we'll see.
I'm waiting to higher or lower entries in either direction. It needs to move down to gain strength to push higher rather than weak movements. Buyers need to feel they have a true opportunity and with the US indexes doing so well, it's hard for them this week to yet make the transition. US indexes are running out of earnings. Oil too by week's end will play a role so we'll see.
Comment:
Comment:
Comment:
We broke the temporary upward trendline but still above the older trendline at the bottom of the channel. We'll see if we bounce there for higher highs.
