Gold Price Is Going No Ways


















Today's gold low at $1,111.60 confirmed two similar lows last Friday and Saturday, painting a double bottom of sorts. Gold is sawing between $1,128 and $1,115, going neither forward nor backward. Who knows, we might have already seen the bottom in Friday's crisis. Till January we may be plagued with a sideways market talking out of both sides of its mouth (that's the English translation of "equivocal"). Right now we can only wait for breakout one way or the other: over $1,128 and then $1,142, or below $1,110. In between lies merely consolidation & marking time.

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