Gold Moving Towards The High End Of Trading Range

GOLD

Gold is slowly working its way up to the higher part of the $2,000 to $2,050 trading range.
This morning, Gold has traded between $2,037 and $2,045 on average volume around the globe.
Going into holiday trading, there should be light trading volume and I don’t expect to see much volatility, but you never know.

At 11am PT today, Gold is trading at $2,039 per ounce, up $4 on light volume.

SILVER

Silver has traded today between $24.27 and $24.40 per ounce on light volume.
Silver needs to move above $25 within the next week to stay short-term bullish.

At 11am PT today, Silver is down $0.02, trading at $24.30 on light volume.