Gold prices fell yesterday below lows set around the middle of October. The yellow metal has broken important support that could lead to a bit more downside over the near-term.
A sharp fall in the price of gold on Tuesday has brought the bears out of the woodwork.
Gold is resilient but risk sentiment is increasingly positive, the dollar is at important support, and there is some major resistance in play.
Gold prices have rallied since the Fed meeting, leading to a significant breakout. I expect dips will be bought in the near-term, even if the US jobs report triggers a downward move.
Gold prices have shown a pattern of rallying in the days that have followed Fed meetings in the year thus far. This time around, it might just lead to a significant breakout.
After a sharp two-day drop in the price of gold, the shiny metal is catching a firm bid from an important support area.
The price of gold has come under pressure after a failed attempt to rally above trend channel resistance late last week.
With the odds of a Brexit deal by the October 31 deadline declining, gold bulls may stand to benefit.
The prices of gold recovered on Wednesday, October 16, 2019, after losing almost 1% during…
The prices of gold increased slightly on Tuesday, October 15, 2019, after it was reported…