Early Gaps to the Downside in Gold Could Continue Through Monday

So far in early trading Gold is tracking well with the price action that typically follows a week with a Largest Range of the week being Tuesday as mentioned at the end of last week, “Gold after a Down week with a Large Range Tuesday

Here’s how price is currently tracking with that chart mentioned above:

Gold Gapping Down in Early Sunday Trading - 20160717

In the other scenario from the above analysis on Friday, the opening of the week marks the low, so both charts tend towards a low on Monday. Likewise, the most pronounced rally tends to start late Wednesday in both scenarios.

Be the first to leave a comment. Don’t be shy.

You must be logged in to post a comment.