Gold moves, but lacks of clear direction after US data

marketsforu

The volatility in the Gold market spiked following the release of retail and PPI data from the US this afternoon.

 As shown here by the Bollinger bands expanding, the narrow range of this mornings trade has increased significantly in the past couple hours. The large green candle that pierced the upper band with it’s shadow came immediately after the soft data, but the market swiftly reversed and we now trade slightly lower than prior to the release.