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.
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.
Each to his own. If specs want to have a go to the upside at this point, they could hardly be chastised.