Gold Up 8 Straight Trading Days But Pace Lacking
Gold is working today on its 8th consecutive trading sessions' advance. If we close in the green, it would notch the longest series of gains for the commodity since July of last year. The pacing on the other hand is lackluster. Over an 8-day ROC, we are not even at the highs of the month. What does that mean? It will be difficult to keep progressing as significant technical resistance comes into view.