Dear readers,Lets go straight to the point, given the extreme volatility, gold defined a trading range of 33$, 655$ - 688$ for the spot price. In my opinion gold can stay inside this trading range for some time as new positions are building up. A break below the trading range will send the price of gold towards 600$ while a break above and the 2006 high (730$) comes to play. Which way will it go
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