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Gold: Markets Continue to Look Limp
Gold markets initially tried to go higher on Tuesday but fell hard after the initial move during the day. Ultimately, we have broken through the $1840 level, which is short-term support, but having said that it does not register as far as a major level. Ultimately, it’s more likely than not the $1800 level is where the buyers will make some type of stand. If the market was to go below the $1800 level, that could be a very negative sign for the market, perhaps sending gold down to the $1760 level. On the other hand, the market is likely to continue to see a lot of volatility and choppy behavior. That being said, I ... (full story)
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- Jun 22, 2022 8:38am Jun 22, 2022 8:38am
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- Posted: Jun 22, 2022 6:29am
- Submitted by:Category: Technical AnalysisComments: 1 / Views: 111
