By FXEmpire.com
The gold markets had a positive session on Wednesday in order to bounce from the $1,540 level again. The recent action has been very consolidative, and it looks as if the market is settling into a comfortable range at the moment. The bottom is without a doubt the $1,500 level, while the top is clearly defined as $1,600. Because of this, we expect choppy conditions for the near term and don’t wish to get involved as the headlines will move the market in violent moves. Once we break out of this range – we are willing to follow the markets. Until then, all we see is noise.
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Originally posted here
