The range right now, I would say, is between $2,715 and $2,590. But it can expand from time to time. Right now we’re about in the middle of the consolidation range, which is a really good place to find problems if you start looking for them. The US dollar may rise while the gold market also rises, despite what you may have been told.
There was a period in the 80s where it did about nine years in a row. So, with that being said, don’t be lazy. Don’t just look at the US dollar and trade. It really comes down to interest rates, geopolitics concerns, and so on. Right now I think gold will eventually take off, but right now there is still some work to be done.
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