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Gold trades in neutral range with a potential bounce, Jake Wujastyk notes

Gold trades in neutral range with a potential bounce, Jake Wujastyk notes
Gold stays neutral in VWAP pinch

Jake Wujastyk, founder / CEO at TrendSpider, comments that gold is spending another week in an anchored VWAP pinch. There is potential for a bounce from the bottom of this range, but aside from that, Wujastyk views the current outlook as completely neutral.

Wujastyk has recently addressed concerns on Bitcoin’s recent price declines, noting the appearance of a ‘rainbow’ chart pattern. He has also observed high volume in NFLX call options up to the $90 strike despite the stock’s notable losses. His latest comments on gold follow this history of monitoring market patterns and activity.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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