The reason behind Gold not doing anything grand is that most traders and investors are outside the markets right now and low volumes create low volatility. It's interesting to observe what the closing price of the year would be!
Chart: XAU/USD H4
Tuesday, December 29, 2015
Gold Range Bound
Since the beginning of November, Gold has been trading in a seemingly tight range for its capabilities. $1,097 and $1,046 are the high and low levels for the precious metal for two months, Currently, Gold is trading at $1,068 with only mild fluctuations of about five dollars for the past few days.
The reason behind Gold not doing anything grand is that most traders and investors are outside the markets right now and low volumes create low volatility. It's interesting to observe what the closing price of the year would be!
Chart: XAU/USD H4
The reason behind Gold not doing anything grand is that most traders and investors are outside the markets right now and low volumes create low volatility. It's interesting to observe what the closing price of the year would be!
Chart: XAU/USD H4
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Interesting analysis, Thank you.
ReplyDeleteGreat anlaysis!
ReplyDeleteGold continue to be weak.
ReplyDeleteImportant information, will keep it in mind!
ReplyDelete