Gold remains tamed within $1,270 price zone

San Francisco (Nov 20)  Gold extends the trendless range that started last Monday and continues throughout the beginning of the Asian journey within the boundaries of the $1,270 zone.

Gold trades at $1,274.50 and prints lows at $1,273.10 and highs at $1,274.70 gaining 0.08% so far. Hourly charts evidence a trading range since last Monday with a few dips to weekly lows indicating a strong bearish pressure.

And silver is stuck in the $20.40/oz range for several days.