News, analysis and commentary for gold traders and investors

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Jesse Livermore
Russia Envisions "Final Destruction of Russian-Norwegian Relations" over Arctic
Russia Envisions "Final Destruction of Russian-Norwegian Relations" over Arctic
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GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
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*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Update

Gold Backs and Fills - Prepares to Move Higher

March 2, 2022 - (Gold Market Wire) - Gold's sharp rally, to $1950 got retraced today in what can only be considered a classic back and fill.

touch down...right on the horizontal line. classic back and fill and technically perfect.

Our touch down on the horizontal was just what we needed to complete the move, and now, we look ready to move higher. Gold is getting ready to challenge $1950 again and we're optimistic about the chances of getting through.

No doubt Gold has been terribly outshone by oil in this 'crisis', but perhaps the time is coming for a more pronounced move up. $1950 will be the first challenge. Yesterday's massive Silver move has certainly helped the cause, and we certainly have been wondering what was causing Silver to lag. The 5%+ low to high has evaporated the nay-sayers. And, as with Gold, the picture is one of technical perfection.

resistance revisited...and then - 'lift-off'

Today's action, while still in the red, is encouraging for the bulls. Another nice back and fill, and sigs she's ready to move higher. Silver's opening, just above yesterday's close shows that there is still momentum in the market, and the target will be a daily close above $25.36 to gives us signs of continuation.

Interesting times, indeed.

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