Gold has been a curious beast lately. It seems to be latched on to about $1300 as the right price, and it is oscillating – – in smaller and smaller waves – – toward that line, shown in red below. It will clearly break the bounds of the symmetric triangle at some point, but for those nimble enough, it’s been an interesting swing-trading vehicle, since it seems to be obediently painting out a tighter and tighter range.
