What we are seeing is that all markets are basically in a coma; equities are creeping to new highs while precious metals remain weak.
Gold had a nice finish last week, but as we can see this morning, the critical level of $1,785 December Gold is being rejected.
There is no reason to expect that pattern to change anytime soon, we know it will, but trend trading is about what is happening now.
Unfortunately, the dull market action and lack of volume and volatility will keep the pressure on the metals.