Gold: The Sleeping Dragon
Updated
Gold has been relatively quiet, consolidating between 1181-1215 despite the dollar's strength.
There could be many explanations for this. Gold is a safe haven metal and the recent sell off in the global markets could have resulted in this consolidation phase we have been seeing in Gold. But all this aside. key levels and action plans should be formulated around 1215 and 1180 levels.
Side note: If 1215 breaks out, make sure that the winning dragon don't back up into his cave.
There could be many explanations for this. Gold is a safe haven metal and the recent sell off in the global markets could have resulted in this consolidation phase we have been seeing in Gold. But all this aside. key levels and action plans should be formulated around 1215 and 1180 levels.
Side note: If 1215 breaks out, make sure that the winning dragon don't back up into his cave.
Comment
Still sleeping and consolidatingDisclaimer
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