News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
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*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Update

Gold Moves to the Resistance Line

March 28, 2024 - (Gold Market Wire) - For years we have been banging on about how the proper position in the market was always going to be: Long Dollar+Long Gold, and sure enough this week has been, yet again, more proof. To start with Gold - we have settled into our new atmosphere and now are at the point of resistance. The wide shot shows the technical picture of the target.

...we have arrived

...and the close up:

...our trend line

One thing is for sure... tomorrow (and the balance of today)is going to be a helluva day. If we tear through the resistance on the monthly+quarterly close, we could sky-ball higher while the US Dollar rises. The very thing the Gold nuts have always said was impossible.

"finished I tell you - the Dollar is finished!" /s

Read 'em and weep.

**Late Note: No sooner do we press 'publish' than Gold prints $2212.71.... through the resistance.

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