News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Gold Market Wire... Gold Market Wire... Gold Market Wire
Gold Market Wire... Gold Market Wire... Gold Market Wire
***
USA to Withdraw 12,000 troops from Germany. NATO's Europe Strategy in Tatters
USA to Withdraw 12,000 troops from Germany. NATO's Europe Strategy in Tatters
***
UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
***
Federal Reserve Chairman Powell Makes Plea for Increased and Extended Monetary Stimulus
Federal Reserve Chairman Powell Makes Plea for Increased and Extended Monetary Stimulus
***
Covid-19 Cases Climb as Deaths Dwindle
Covid-19 Cases Climb as Deaths Dwindle
***
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
***
*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
***
Subscribe to receive our monthly report
Market Info
Feature coming soon.
Thank you for your patience

Gold Market Wire

News, analysis and commentary for gold traders and investors

The Technical Take

Gold Target in Sight.

April 3, 2020 (Gold Market Wire) - Gold has a target now - the intraday high of $1617.70 - which is right where our downtrend comes in. It's a decent challenge, and set's us up for length if we get a close over.

Gold's been pivoting around our old friend $1595 for a long time, and a break one way or the other is due. Over the past 8 sessions the lows have been getting higher -so its at least one plus in the direction of higher prices in the short term.

reaching for the ring?

Friday's always bring out the 'best' in the markets, so the challenge is on. If we can get some consistent action over the target - a spec long will be in order, probably on the Market Close.

< Previous articleHome pageNext article >
<- Go Back