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.
![](https://assets-global.website-files.com/5d754afa7a6dfa49fd253976/5fc7bffdc944bf744504aee9_Screen%20Shot%202020-12-02%20at%205.22.52%20PM.png)
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.