I believe huge amount of industrial buying and selling in this middle area, also bot dumping ground and top-up zone. Be careful entering buy positions close to orange area, especially with high margin trading accounts. This zone caught many of us off guard and turned our week upside-down. Especially as the indexes were not responding to gold price, due to various...
Based on recent movements and the current trade situation, and the way futures strikes are moving, there is quite a lot of movement available for gold in both directions over the coming months. I'm hedging this both ways most of the time. Low risk volumes.