Now is the season to be jolly but get ready for some blind side moves-Gold in focus

The markets are still in full swing, but by the end of this week that will not be the case. Conditions will likely get thinner and thinner once all the important events are out of the way- The policy meetings from the Fed, BOJ and BOE over the next 2-3 days. Next week is often treacherous and even worse sometimes in the run into the New Year. Of course that can make for some fabulous opportunities too, but you will need to have your wits about you, if you are involved. So, let me take a look at Gold right now. The metal has just fallen at the same time as US yields also fall back right now. If you are looking for a reason as to why that is, then cast you eyes over to the Middle East. According to the latest reports a ceasefire deal in Gaza is now said to be imminent. If that is the case it, removes one geopolitical reason to hold gold and that is what seems to have kicked it a bit lower just now, even as those US yields slip. Look, right now we are not talking about anything serious here in terms of moves and Gold is still locked inside the range noted a couple of times again today. However, when it comes to liquidity dearths over the twilight zone (December 24 to January 2) then gold is notorious for that, so be aware and be wary folks. Gold just hit a session low at $2,633.16. It is right now at $2,637.80