Gold Market Wire
News, analysis and commentary for gold traders and investors
Is Gold Heading Back into the Channel?
Gold is struggling to stay above the channel it has formed since the beginning of the year. The chart shows us the battle lines clearly. Either Gold moves up and away, or it is going to drift lower.
Its getting close to the showdown for Gold. Either it moves decisively above $1647.50, or a trip back into the channel, and lower prices, awaits.
Here's a closer look - zoomed in.