Gold has traversed the range between 1620 and 1590 six times since early May and has done so very sharply and decisively, the signature of the Big Money players. So far, the battle of control between buyers and sellers is at a stalemate, with August Gold perched almost exactly between upper extremes with an HVN extreme of 1620 and a lower HVN with its extreme at 1590. Watch for increasing momentum when one of these extremes is again approached. That is likely to be the signal of the next significant move in Gold.

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