No real price action today for Gold once again. Price continues to move sideways. Price continues to hold above the key support of $1,900 and below the key resistance of $1,950-60. Gold traders keep a waiting stance.
Gold price today has made almost zero progress. Price is about to end the day just a little higher than yesterday's close. Support remains intact but also price remains below key resistance. In order to see a rise in volatility and the start of a new short-term trend, we need to see Gold price break out of the trading range shown with the blue parallel lines in the chart above.
