The gold markets continue to be locked in a consolidation area between the $1,410 area, and the $1,450 area. Because of this, it has some appeal to the scalper, which can of course simply buy and sell it in this range. Towards the top – sell it, towards the bottom – buy it. Of course, since the market is in a long-term uptrend, buying is the preferred method of entry. Until one of those levels are broken, direction is sideways.
Originally posted here
