Yeah, looking at the price range of the last 8 weeks or so tells...

Yeah, looking at the price range of the last 8 weeks or so tells us that this is the tightest range for quite some time.
In the last 2 weeks gold has been under attacking and capping pressure completely.
Gold should be rising here but what appears to be happening is as gold rises with the yen it takes a big hit to knock it back to its starting point as the yen is held up and then its easier to hit gold as the yen weakens.
This is not a new strategy as I've posted this action before.
The problem we face is that they need a lower gold price and will pretty much do anything to get it.
So we may face a break lower before we move higher.
The Fed meets in Dec and faces an issue with the short end telling them to raise while the long end is predicting a slowdown economically and credit markets are showing signs of stress.