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

Market Opening

Gold Bounces - But Fails to Recover

March 17, 2020 - (Gold Market Wire) - The important line of support for Gold at $1443 held yesterday. But in no way is 'recovery' in sight. The last session saw a low at $1451 followed by overnight buying which took us to $1518, but the market failed to hold. We're now back down, trading at $1483.

The best the bulls can hope for now is some consolidation above the important support at $1443.

more of a bounce than a recovery

The mass liquidation taking place its tough going on a small market like gold. And just to make matters worse, the overnight move higher in equities is starting to fade, which will likely drag Gold lower.

The Gold market is not out of the woods yet - not by a long long shot.

< Previous articleHome pageNext article >
<- Go Back