Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold Breaks Down
January 17, 2024 - (Gold Market Update) - Gold has been overwhelmed by the US Dollar rally and is breaking down. We have closed out the length. The breakout was a head fake, and we got caught in it. A quick close out when our support line broke down, has limited the damage.
We are on the sidelines, waiting for a bottom.
![](https://assets-global.website-files.com/5d754afa7a6dfa49fd253976/65a7f216d9c8611dac363172_Screenshot%202024-01-17%20at%2016.25.33.png)