From a market that could go only one way—up—gold has become one that isn’t going anywhere.
Since the worst one-day carnage in seven years—where the most-active gold contract on New York’s Comex lost $93 and swung an even greater $129 between the highs and lows of the day—trading in the yellow metal has turned into a game of pure nerves. Or, at best, high-powered chess.
Gold Weekly TTM (Image not shown due to low ratings)
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