Hey Traders,

Gold volatility has died down ~30% in last two weeks with moving averages also flattening in the same areas on both daily and hourly charts, suggesting consolidation before a big move.

Will be watching for breakout of of the following wedge on the daily with highlighted areas for support/resistance

golddaily1

For short term will be watching the following wedge on hourly charts:

goldhourly

As always will keep updates as new technical developments take place on blog and twitter

Cheers

Vlad