Gold & Silver Trading Alert: TurnaroundMay 23, 2014, 5:14 AM
The history repeats itself and we have just seen another example confirming this statement. Gold once again moved higher initially but failed to hold its gains even until the end of the session. This made yesterday’s session very similar to May 19. The intra-day high was once again lower.
There is a sign, however, that suggests that the days of this lengthy consolidation are coming on an end. In today's alert we discuss its implications.