-
Gold Price Forecast: Faces Resistance, Risk of Deeper Pullback Looms
video Gold rallied earlier during Wednesday’s trading session but found resistance at the day’s high of 2,432. That led to a pullback that is at risk of breaking below the day’s low of 2,405, at the time of this writing. Not a convincing rally and it puts gold at risk to testing recent lows with the possibility of falling lower. The recent swing low shows support at 2,384, which successfully tested support of the 20-Day MA. chart Last Friday gold fell sharply following a new record high of 2,484. It represented aggressive selling. Given today’s failure to hold the advance, a continuation of the current ... (full story)
- Comments
- Subscribe
-
- Older Stories
From scotiabank.com|Jul 24, 2024The Bank of Canada met our expectations in today’s announcements. The statement is here and see the statement comparison in the appendix. The MPR including updated forecasts is ...
From dallasfed.org|Jul 24, 2024Good afternoon, everyone. My name is Lorie Logan, and I serve as the president and CEO of the Dallas Fed. I’d like to thank Governor [Michelle] Bowman for kicking off our ...
From federalreserve.gov|Jul 24, 2024I'd like to thank everyone for joining us today to celebrate the achievements of Texas community partnerships. I am so excited to be a part of this important milestone, marking ...
-
- Newer Stories
From brecorder.com|Jul 24, 2024Chinese engineers and the Taliban government broke ground in Afghanistan on Wednesday on a project to mine the world’s second-largest copper deposit after a 16-year delay caused ...
From mining.com|Jul 24, 2024Chile’s lower house of Congress approved a resolution asking President Gabriel Boric to annul an agreement between state copper company Codelco and Chilean miner SQM that would ...
From youtube.com/cnbctelevision|Jul 24, 2024Yung-Yu Ma, BMO Wealth Management CIO, joins 'Closing Bell' to discuss the Fed, economy and finding opportunity in the market.
- Story Stats
- Posted: Jul 24, 2024 5:26pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 700
