Because last week's low is $2617.5, the 18-week average is $26-28 roughly - that's where the support is. Take that out and you open the door up for the lower Bollinger Band.
Into Fed Week” we go, during which 19 metrics come due for the Econ Baro, 10 prior to FOMC’s Statement Wednesday. Since the FinMedia said the Fed will cut, is that already priced into Gold?
I'd like to see a pullback in the market because I want to get to the pattern with higher highs, higher lows. Gold and silver often rally into year-end.
Gold prices have demonstrated remarkable resilience and volatility in recent weeks. The turbulent roller-coaster that ensued after reaching the new all-time high appears to have subsided.
