We have commented in our videos for the last couple of days how resilient gold has been in the face of US dollar strength and falling equity and commodity prices.
Yesterday we saw gold rise impressively on the back of a bounce in equities and commodities and a falling dollar. The market breezed through a number of resistance levels and is now holding above the 10, 20, 50 and 100 DMA and appears to be breaking out of the intermediate downtrend channel.
Gold has held onto these gains overnight and appears posied to move higher. We need to see follow through buying to confirm the breakout and are always wary of a "fakeout" move.
Today's video looks at potential levels of resistance for the rally and price targets.
Yesterday we saw gold rise impressively on the back of a bounce in equities and commodities and a falling dollar. The market breezed through a number of resistance levels and is now holding above the 10, 20, 50 and 100 DMA and appears to be breaking out of the intermediate downtrend channel.
Gold has held onto these gains overnight and appears posied to move higher. We need to see follow through buying to confirm the breakout and are always wary of a "fakeout" move.
Today's video looks at potential levels of resistance for the rally and price targets.
We have commented in our videos for the last couple of days how resilient gold has been in the face of US dollar strength and falling equity and commodity prices.
Yesterday we saw gold rise impressively on the back of a bounce in equities and commodities and a falling dollar. The market breezed through a number of resistance levels and is now holding above the 10, 20, 50 and 100 DMA and appears to be breaking out of the intermeidate downtrend channel.
Gold has held onto these gains overnight and appears posied to move higher. We need to see follow through buying to confirm the breakout and are always wary of a "fakeout" move.
Today's video looks at potential levels of resistance for the rally and price targets.
Yesterday we saw gold rise impressively on the back of a bounce in equities and commodities and a falling dollar. The market breezed through a number of resistance levels and is now holding above the 10, 20, 50 and 100 DMA and appears to be breaking out of the intermeidate downtrend channel.
Gold has held onto these gains overnight and appears posied to move higher. We need to see follow through buying to confirm the breakout and are always wary of a "fakeout" move.
Today's video looks at potential levels of resistance for the rally and price targets.