Gold is flat today but plenty on the calendar to watch for

Technical Analysis

Author: Adam Button | gold

Gold up $1 today

Gold jumped on Thursday to hit a multi-year high only to give it all back a day later. The jump came on 50 bps cut talk from Williams, which the Fed later denied.

The chart has held near the range-break today but it's not doing much.
Gold up $1 today
Understandably, the market is focused on the central bank decisions coming up.

Those include:
  • July 25 - ECB
  • July 30 - BOJ
  • July 31 - FOMC
The market is still trying to sort-out whether this is the start of a global easing cycle or just a rate cut here and there. I'm not sure we're going to get the final answer by the end of the month, but we will get some hints.

I talk about gold starting at 5:05 here:


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