Gold Opened Below Its 50 Day Moving Average And Broke Sharply Higher
Over the course of one hour gold gained $35 starting at the New York open ($1678.0 and an hour later it was at $1716.90. For the six hours after gold’s dynamic break to the upside gold consolidated at a very narrow trading range at $1720.40 and a low of $1712 with little volatility after the dynamic swing. As of 4:43 PM EST, December futures are currently set at $1715.80 after factoring in today’s gain of $35....