Gold found resistance at 1730 after a feeble attempt at a bounce and has now turned lower again. A test of the lows at 1714 are close and we expect a test of 1700 to follow shortly afterwards.
Oil is under pressure and testing lows around $88, equities appear to be forming a top and the dollar is finding some support. However, seasonal factors are in gold's favour for a rally into the end of the year.
Today's video looks at potential areas for a bottom and what we are looking for before taking a long position.
Oil is under pressure and testing lows around $88, equities appear to be forming a top and the dollar is finding some support. However, seasonal factors are in gold's favour for a rally into the end of the year.
Today's video looks at potential areas for a bottom and what we are looking for before taking a long position.