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.
![](https://assets-global.website-files.com/5d754afa7a6dfa49fd253976/5e871f21cfaa9a7c1d745684_ss%204%203%2020%204x.png)
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.