News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Gold Market Wire... Gold Market Wire... Gold Market Wire
Gold Market Wire... Gold Market Wire... Gold Market Wire
***
USA to Withdraw 12,000 troops from Germany. NATO's Europe Strategy in Tatters
USA to Withdraw 12,000 troops from Germany. NATO's Europe Strategy in Tatters
***
UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
***
Federal Reserve Chairman Powell Makes Plea for Increased and Extended Monetary Stimulus
Federal Reserve Chairman Powell Makes Plea for Increased and Extended Monetary Stimulus
***
Covid-19 Cases Climb as Deaths Dwindle
Covid-19 Cases Climb as Deaths Dwindle
***
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
***
*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
***
Subscribe to receive our monthly report
Market Info
Feature coming soon.
Thank you for your patience

Gold Market Wire

News, analysis and commentary for gold traders and investors

Technical Outlook: Retracement Levels Gold Might Elect

The US Dollar is climbing again, especially against the Pound Sterling (GBP) and the Australian (AUD) and New Zealand Dollar (NZD). Right now the US currency is almost .50% stronger against all three.

That is putting Gold under pressure.

The Fibonacci numbers show us where Gold may head. And where it might pause if the retracement persists.

Gold is shying away from resistance

The Gold market needs to get a move on, quick - if the recent rally is to hold. Right now, it is failing its first test at the new resistance.

< Previous articleHome pageNext article >
<- Go Back