Checking in with Gold

Gold has been trading in a choppy range so far this week, showing some intervals of following historical patterns, for example the first part of Tuesday, and may continue towards a possible weekly high on Thursday. The projection is also for Friday to have the most volatility:

20160720-gold

Monday scaled to a similar range of prices over all, while Tuesday similar to the pattern, but didn’t decline. This could point to some bullishness for Wednesday as well.

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