Thursday, December 8, 2011
Gold traders are looking to the equity markets and the ECB to help determine the near-term market direction. Volatility in terms of trading ranges as well as implied by option pricing has been falling lately, indicating that neither the bull nor bear camps have had the upper hand in trading. Additionally, neither side of the market seems to have any conviction as to the future movement of the market. Technically, the chart shows a classic wedge formation, indicating … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Originally from DailyMarkets.com