As has been the case several times over the past week or so, gold found support in the mid-1750s and has bounced higher again.
In the face of a plummeting oil price, strengthening dollar and stalling equities, gold is holding up very well, consolidating the gains of the past month and building up power for the next move up and an attempt at 1800.
The bearish early warnings from yesterday have not developed further and are in the process of being reversed. In our view the maket almost looks ready to move higher again.
Today's video looks at the market action of the last week in more detail and our strategy for our current trade.
In the face of a plummeting oil price, strengthening dollar and stalling equities, gold is holding up very well, consolidating the gains of the past month and building up power for the next move up and an attempt at 1800.
The bearish early warnings from yesterday have not developed further and are in the process of being reversed. In our view the maket almost looks ready to move higher again.
Today's video looks at the market action of the last week in more detail and our strategy for our current trade.