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Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold Couldn't Be Clearer
December 12, 2022 - (Gold Market Wire) - As we open up the morning trade in the UK and Europe, Gold is laying out its stall with clarity. The chart and the moving averages remain our focus.
A clear trend line with the overhead resistance right above $1800....with the moving averages lining up for a cross. We'll wait to add length, but the market looks fairly good here. We remain impressed by the fact that the pullback from the three big up moves in the first half of Nov., haven't been reversed more sharply. Was that a sea change?