News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
RUSSIA AMASSING TROOPS ON UKRAINIAN BORDER after UKRAINE VOWS TO TAKE CRIMEA
RUSSIA AMASSING TROOPS ON UKRAINIAN BORDER after UKRAINE VOWS TO TAKE CRIMEA
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Opening

Gold Moves Sharply Higher, Recovers Trend Line

March 20, 2020 - (Gold Market Wire) - Global Equities have reversed some of their recent loses to move roughly 5% higher in early European trading and oil prices have soared nearly 10%, as China reports no new cases of Corona Virus for the second day in a row.

On the back of this, Gold has surged higher, taking out the first resistance around $1510 and climbing back above the trendline it violated yesterday.

So far, so good. A close above $1486.50 is what we need today.

How New York finishes today is going to be critical. If equities in the US rally higher from the opening and close on strength, we may yet get a set-up to establish some length.

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