(Kitco News) - While the gold market has been unable to gain enough momentum to break through initial resistance at $4,100 an ounce, one market strategist suggests that its continued consolidation is still good news for the precious metal.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.