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Gold: Pauses Before $2525 Push
In the meantime, I think that any time we pull back there will be plenty of buyers willing to get involved in gold, because there is a massive plethora of reasons for gold to go higher over the longer term. If we can break above the $2525 region on a daily close, I think that’s the sign that we are going to go much higher. In that environment, I don’t see any reason why the market will go looking to the $2600 level rather quickly. That being said, it’s obvious that there is little bit of hesitation at the moment, and perhaps that has something to do with the fact that we are waiting around to see what the ... (full story)
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- Posted: Sep 6, 2024 7:02am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 253
