The following commentary is worthy of a read. Was published...

The following commentary is worthy of a read.

Was published yesterday but before the price of gold punched through $1850 overnight.
Click on the link to read the full article.

https://www.**promotion blocked**.c...ling-action-tightens-as-inflation-surges.html

Gold's tedious coiling action tightens as inflation surges


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David Erfle Friday February 11, 2022 09:06
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The key $1,800 area continues to be a magnet for gold. Rallies have been sold, and sell-offs have been bought with traders on both sides continuing to be whipsawed out of position. Since mid-2021, any advance, or decline, that bullion has made quickly ran out of steam and has returned to the $1,800 zone.

This frustrating sideways movement inside of a tight $100 range has resulted in what technician's call "coiling action", which will likely end in a sharp move in either direction. The tighter and lengthier the trading action becomes around $1,800, the more pronounced the eventual move will be, whether up or down.