News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
RUSSIA AMASSING TROOPS ON UKRAINIAN BORDER after UKRAINE VOWS TO TAKE CRIMEA
RUSSIA AMASSING TROOPS ON UKRAINIAN BORDER after UKRAINE VOWS TO TAKE CRIMEA
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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.

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