Gold had its largest single-day fall yesterday, by 1.1% falling right down to it's 200 day MA.
Investors could see possible long opportunities here, especially as the US$ remains flat.
If this resistance holds we could see a nice move down, but if it breaks we can look for the move up to at least fill the range of the fake out (false break of resistance)
The Average True Range is an underestimated indicator, especially more so when the coefficient is at the lowest rate since April 2014 (pre negative IR levels).
This could mean a significant move either to the upside or downside imminent as the range sets to turn.
The EURUSD is down over 1.5% this week, and this is mainly due to a rally in the US$, however, the...
