Gold & Silver Price Analysis: Range-break in Sight?

Gold/Silver technical highlights:

  • If month ended today, gold range smallest in a very long time
  • Waiting for range-break, likely USD dependent
  • Silver remains the laggard, favored short over gold

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If month ended today, gold range smallest in a very long time

If the month were to close today, September’s range at a mere 2.07% would rank as the smallest since July 1996 when it was just a shade under 2%. This of course could change between now and next Friday, but the fact we’ve gotten this far without a larger range highlights just how tight trading conditions have become.

The good news is that this type of price behavior generally leads to a period of higher volatility. We may just have to continue going on demonstrating patience for a little while longer. Exactly how much longer is anyone’s guess. Instead of playing the prediction game we’ll wait for price to move before drawing any concrete conclusions.

Levels to keep in mind: The top of the range back to

Article source: https://www.dailyfx.com/forex/technical/home/analysis/xag-usd/2018/09/20/Gold-Silver-Price-Technical-Analysis-Range-break-in-Sight-PRtech.html