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Gold Price Forecast: Bears are moving in and eye break of $1,830 for $1,810 prospects

From fxstreet.com

At $1,833.90, the gold price is trading around flat by mid-day New York trade and has stuck to a $1,830.83 and $1,843.66 range so far in a fickle trading environment. There has been some bargain hunting on Wall Street following last week's sell of in stocks as investors move in on the energy and tech sectors, dragging the benchmarks higher with energy leading the pack. Gold is failing to benefit from a softer US dollar and risk-on environment as the wider focus stays on the rate hike narrative. Nevertheless, all sectors in stocks are in the green and the Dow Jones Industrial Average jumped is now over 2% higher, with ... (full story)

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  • Category: Technical Analysis