News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
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US Bans American Banks from Purchasing Russian Sovereign Debt
US Bans American Banks from Purchasing Russian Sovereign Debt
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*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

The Technical Take

Gold's Resistance Line Comes into View

- March 2, 2020 (Gold Market Wire) -Gold has bounced from Friday's close, up almost $24 /.oz after Friday's dramatic sell off.

With rumors of Fed easing on the back of Corona Virus fears, the Dollar is taking a hit against all major currencies today - save the Pound Sterling (GBP).

Resistance is now in view, around $1613.50 - and how the market reacts may dictate the next moves.

Here's the chart:

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