Gold breaking down

Evening all, Gold finally broke the $1,600 level – and a convincing one even. Price went down to as low as $1,550 but it retraced back up to the $1,590 region. $1,600 was very strong support for me. So, my short-term view on gold is for more sell rallies. $1,550 becomes the next support level [...]

Gold consolidating

Good evening traders, Today, I have my all-time second post on Gold. The past few weeks Gold slid from above $1,700 to as low as the $1,640 region. Gold has been in this territory for quite a while after making all-time highs above $1,900. The consolidation gives us two important levels – $1,800 and $1,600, [...]

Important levels in Gold

Good day traders/investors, I have a post on Gold for today. This is my first ever on this blog  but I hope to share my analysis on this precious metal more often in time to come. The last week, Gold price fell from the $1,700 region to the $1,600 region. The 100-day moving average is being tested [...]