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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: