Mixed signals and gold's price direction There is still a risk of a significant selloff in the gold market because that would be symmetrical to what happened over the past two years when gold reached $2,000 an ounce, Millman pointed out. "The next most likely move for gold is lower," he said. Markets are eyeing Powell's two-day testimony before the House and Senate next week, a lineup for Fed speakers, and more macro releases. "Gold is going to be facing a lot of mixed signals next week,"#TMGMGlobal#