Volume continues to contractWhat this shows is a confirmation of seller exhaustion. This does not mean we'll see an immediate quick rise in the share price, however Gold continues to show strength in the face of economic uncertainty. If the general market (S&P 500) resumes it's downtrend then we could see further strength in the US$, and Gold could retrace some of it's recent gains.
Interesting times for sure, and Gold right now has strong resistance from $1,815-1,840. If we go above this with strength then a whole new dynamic will come in to play, which would be a substantial rise in the price back towards $2,000.
I'll take advantage of any retracement in GMTN. All the best,