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Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold Rout Continues
March 3, 20201 - (Gold Market Wire) - Gold is continuing to sell off after last week's dramatic collapse. The bottom of the channel is now coming into view.
One would expect some slowdown as we approach support, but with the kind of momentum Gold has now (to the down side) it may not occur. As we stated at this time last week... the sidelines are the only place to be. The US Dollar is trading around 1.2050, and the ability to fend off the latest Euro challange puts it in a solid position for further gains. We maintain our length.