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darth.stocks
Aug 20, 2016 2:47 PM

Gold: Trapped and on Hold... 

Gold/U.S. DollarFXCM

Description

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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