Coolstud

Coolstud

Gold has been trading in and above the previous ATH zone since April of this year. Large amounts of seller volume was enough to bring us down to $2300 June 7th; however the zone held. We've failed to make either a higher high or a lower low during the last week and we're currently in a tighter consolidation on the daily chart. There's liquidity on both sides,...

Coolstud

We're in a new weekly range on the 4h chart, our strong downtrend has weakened and we haven't broken last week's or last month's lows. Sellers are losing steam, I'll be looking for longs between 1.070 and 1.072.