Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Opening
Gold Moves Cautiously Higher
April 6, 2020 - (Gold Market Wire) - We got our length on Friday when we we broached the resistance line, and now we sit in the market long to see if the Gold catches a tail wind from equities. Our first price objective is at $1649.
Gold is getting a lift from the roaring overnight stock market out of the East - up over 4%. We can aim to ease up on length when we get closer to the objective. The clearing of the power down trend is a good sign.
Let's see how we fare before the New York opening. A good start to the week, so far.