Gold price is steady just above $1,500, consolidating after the decline seen earlier in September. In the last few days prices have been moving between $1,485 and 1,510, still inside the bar set in August ($1,477-1,533). We are seeing a phase of lower volatility, which could end as soon as investors find a new direction for price.
The long-term bullish pressure is holding strongly and in the last 24 hours the short-term bearish pressure has eased, and a rebound above $1,510 could open space for further recoveries.
