<div id="readability-page-1"><div><div><h2><strong>So far so good</strong></h2><p>Gold bounced off the longer-term trend and the 50-day MA, and has now retraced roughly 50% of the large down candle. Our view is unchanged: gold likely needs more time to consolidate before any meaningful new direction emerges.</p></div></div></div>

<p>So far so goodGold bounced off the longer-term trend and the 50-day MA, and has now retraced roughly 50% of the large down candle. Our view is unchanged: gold likely needs more time to consolidate before any meaningful new direction emerges.</p>

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