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Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold. Ready to Make the Move?
October 26, 2022 - (Gold Market Wire) - The Gold market has been dead as of late - ergo - nothing to write about. While we hope that this update will reach its intended audience, the vacillations of the general market have kept us away from the blog. We've been drifting around $1650 - waiting for a break.
We never got the downside blow out we were looking for.... and neither did we rally. This, however, may be coming to an end. In this context we note:
1) Increasing war momentum
2) Political disarray across the world
3) Tremors in the global banking system.
The target is clear:
If we can get across the downtrend, it will be time to get the length on.