Gold after a Down week with a Large Range Tuesday

Last week Gold declined, with Tuesday being the largest range day:

A down week in Gold with a large range Tuesday.

The week was also similar to the week before a large range Friday, with steadily declining lows till Thursday:

Gold the week before a large range Friday

Considering the down week and the large range Tuesday, a week like so tends to follow:

A Week After a Down Week and a Large Range Tuesday

Just with the large range Tuesday, the following week is like so:

Gold the week after a large range Tuesday.

The two weeks contradict on Monday, while both agree on rallies form Wednesday to Thursday highs. ¬†Keeping a close watch on Monday price movement should provide insight into which chart is tracking to next week’s price.

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