Gold moved to a new 2012 high yesterday of 1794, however the market could not sustain this level and sold off back below 1780 again in the afternoon session.
Again, the sell off was short lived and shallow, with gold finding support above 1770 before moving higher, with the market currently trading around 1780.
The pattern of higher lows continues and it seems like it will just be a matter of time before we make an attempt at 1800 and beyond.
Today's video looks at yesterday's price action in more detail and the pattern developing on the short term charts.
Again, the sell off was short lived and shallow, with gold finding support above 1770 before moving higher, with the market currently trading around 1780.
The pattern of higher lows continues and it seems like it will just be a matter of time before we make an attempt at 1800 and beyond.
Today's video looks at yesterday's price action in more detail and the pattern developing on the short term charts.