A technical pattern is in play for Gold prices that suggests some upside over the near-term
The price of gold trickled lower in early European trading on Monday. A support confluence is currently being tested and stands to trigger a bounce.
Quick Stats on Gold Positioning The net long position among speculators rose 28.1K contracts to…
Gold traded at a 14-month high in the past week and threatened a breakout that could have had significant long term bullish implications. However, the yellow metal retreated in the late week to give back the entire weeks gain.