Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Opening
Gold Fails to Recover
June 3, 2020 - (Gold Market Wire) - Gold hasn't recovered in the East, and the market has to get a move on quickly, or length should be either scaled back or cut. We haven't had a wash out yet. But the sidelines is looking more attractive by the hour. We can see the challenge right here.
Easing up is probably the right strategy here. If we get a decisive break, it will be time to hit the sidelines. We are still in profit from the breakout, but this morning's action is not encouraging.
Silver is no better.
Bottom Line for Silver: Either we reclaim the gap break out line of $17.91, or its time to close out