Gold Prices Likely to Remain Range-bound
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Such a forecast comes with a heavy caveat, however; retail traders will often outperform in choppy and range-bound trading conditions. This fact is relevant because Gold continues to stick to a tight price range, and until this changes the majority of traders may continue to do well buying near range lows and selling near range highs.
See next currency section: DAX - German DAX Forecast to Strengthen Alongside S&P 500
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.