Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold Recovery Starts to Look Pronounced
December 2, 2020 - (Gold Market Wire) - A significant recovery for Gold today, after a waterfall sell-off. Actually, the makings of a slingshot in embryonic form. If this develops it could be a highly bullish sign for precious metals.
If we really get a full slingshot, its a rare occurance, and one worth paying attention to. From what looked like asignificant high, Gold is putting in a performance that looks above and beyond a back and fill. The gap up today is noteworthy. We will still need a weekly close over $1850 to get outright bullish - but so far this is impressive work.