May 26, 2015
Last week gold traded up to $1232 per ounce; it broke above short-term resistance and looked like the price of the yellow metal would soar. However, the price failed and by the end of the week gold was back in the middle of its recent trading range and closed just around the $1200 pivot point. In my latest work for Seeking Alpha I explain why there are many signals that currently tell us that when gold does break out of the current trading range it is likely to move lower.
Article: Gold – More of the same
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