Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold Dithers in Indecision
June 13, 2023 - (Gold Market Wire) - A big rally, a pullback, and then? Not much. Here we are stuck around $1950 - awaiting the next outcome. As usual, the market isn't going to make it easy. We may be heading higher before long - but from here? ... or $50-$100 lower. That's the dilemma. We are, of course, at something of an important technical juncture, as we can see below.
![](https://assets-global.website-files.com/5d754afa7a6dfa49fd253976/6487fb347baf647b90616d9a_Screenshot%202023-06-13%20at%2007.07.07.png)
Gripping stuff. The natural tendency would be to gather more size, but we'd rather not anticipate right now. Honestly a wild down-swing would do wonders for the upside later. Still, its tough to deny the chart relevance as we zoom out.
![](https://assets-global.website-files.com/5d754afa7a6dfa49fd253976/6487fafa7baf647b90616ce0_Screenshot%202023-06-13%20at%2007.07.19.png)
Each to his own. If specs want to have a go to the upside at this point, they could hardly be chastised.