Choppiness: Gold priced in USD has been in a choppy market particularly since the May low near 1338. The market has found resistance around 1422, but in the 4H chart, we see price holding under the 200SMA. Therefore, we can say that the market is trading choppily in a sideways manner, but has bearish bias in this time-frame. Momentum, RSI: the RSI has tagged below 30, and for the most part held under 60, though it has not come back to 30. This also reflects a market in consolidation, but with bearish bias. Triangles: We saw a triangle form at the end of May, beginning of June. There was a false break to the upside, ... (full story)