Gold traded in a very narrow range yesterday, due largely to the Veterans Day holiday in the US, consolidating the gains of the previous week.
Towards the end of the session and overnight gold has sold off mildly with other commodities and equities, though this action can be seen as "backing and filling" and further consolidating last weeks' gains.
A fall back below 1700 appears unlikely at this stage, support lies at 1718 and 1712 below the maket, as well as 1702.
For our subscribers at www.goldtradingexperts.com, today's video looks at last week's trading in more detail and why we believe prices are heading higher for the rest of the year.
Towards the end of the session and overnight gold has sold off mildly with other commodities and equities, though this action can be seen as "backing and filling" and further consolidating last weeks' gains.
A fall back below 1700 appears unlikely at this stage, support lies at 1718 and 1712 below the maket, as well as 1702.
For our subscribers at www.goldtradingexperts.com, today's video looks at last week's trading in more detail and why we believe prices are heading higher for the rest of the year.