$40 cents club, page-1306

Despite the volatility gold is sideways since start of April, trading in a range and consolidating the large break from previous resistance. For anyone who has traded the sector any length of time you'll know the moving averages need to catch up before there can be any resumption of the trend as nothing goes up in a straight line. This can occur either through sharp correction or range bound churn which is what we're seeing, albeit with volatility. With weekly RSI now 30% lower from recent high and daily RSI neutral, the FOMC next will likely have a lot to say about where we go from here in the short term.