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Gold Price Futures (GC) - $1787.30 to $1711.70 is Still the Best Value Zone Target

From fxempire.com

Gold futures posted a choppy, two-sided trade before moving slightly higher late in the session on Thursday. After an early surge, gold prices eased from a two-week high as investors booked some profit following an upside spike the previous session. Meanwhile, expectations for further stimulus and a weaker U.S. Dollar helped limit losses. At 21:50 GMT, April Comex gold is trading $1873.20, up $3.00 or +0.16%. Bullish traders are betting on President Joe Biden’s $1.9 trillion dollar coronavirus stimulus package to move smoothly through Congress. They are also hoping it will trigger a resumption of the downtrend in the ... (full story)

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  • Category: Fundamental Analysis