View full page at metalsmine.com

 

Gold and Silver: Seven-day bearish trend

From financebrokerage.com

During the Asian trading session, the price of gold fell from its high of $ 1879 this month as US inflation data increased bond yields and reduced investor interest in buying gold. The price is now at $ 1854 and slides further towards the $ 1850 level. One could see the break below and the continuation towards the lower support zone at $ 1830. We can expect the following consolidation below. A potential price break below would open the following targets at $ 1820 and $ 1810. For the bullish option, we need a new positive consolidation and a return above $ 1860. After that, we could expect the price to retest the ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis