Gold is currently ranging between the 2000 and 1700 levels. We seem to be heading towards the 1700 support for now and what happens when we approach or hit it will be of importance towards what kind of move we can expect in the medium term on Gold.
For the time being we are range bound but stuck at ATH's, a build up is happening and if you were to ask me what could happen I would say that if we manage to hold 1700 and not close below the "current key support level" then we could see a push back to the 1900 level, what happens then is completely up to geo politics, fundamentals and other key market drivers.
For the time being we are range bound but stuck at ATH's, a build up is happening and if you were to ask me what could happen I would say that if we manage to hold 1700 and not close below the "current key support level" then we could see a push back to the 1900 level, what happens then is completely up to geo politics, fundamentals and other key market drivers.
