Gold is consolidating in the narrow range of 1631.60–1649.25. This dynamic may continue today as the investors wait for the developments concerning the new coronavirus, the US presidential election, the US employment data to be published on Friday.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and moves horizontally. Stoch turned up.
Trading recommendations:
Act only after the price leaves the specified range: either up to 1688.50, or down to 1609.00.