Gold: Trapped and on Hold...

FX:XAUUSD   Gold Spot / U.S. Dollar
52 0 0
No clear data from gold             this week...! We seem to be rangebound. I currently believe in a slow decay till an external event like "Brexit again" to continue the bull run or maybe some action by Mr. Kuroda to get the long awaited correction. In the first case the COT Report data do not give much space for upside movement. In the latter case a fast and "brutal" correction won't be avoidable.
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