Gold about to test the mid point of the tight range. I don't want to see it breaking through. If price holds today then we may have an inverse hammer (reversal potential) off an important level.
Catch 22 since gold is very binary in nature since Feb US market sell off because a spike in price imply fear in the risk markets. Fear in the risk markets by wholesale selling tends to check the enthusiasm of gold stocks.
If I were to anticipate euphoria or panic then I am watching when price breaks either side of the range. While it is being trapped inside this range, I don't expect gold stocks to be going anyway. If Trump's tariff is just a negotiation tactic then he must have a plan B when it isn't softening the Chinese stance going into that table talk. I suspect there will be more +ve & -ve bi-polar market sentiment over the coming weeks until we find out what the real position of the US and China really is.
