range trade on the move

Appears to be trading in a range from 640 to 660. Now on the move up. With the longer term outlook for Gold bullish it is probably safer to buy the dips. If you are game, then short the peaks as well. The RSI(14) on the hourly chart seems to be working quite well. The bounce off 30% at 637 was spot on.

Gold appears less risky atm than stocks, but at the same time is moving about enough to enable profits to be made.