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Gold: Breaks Out Early Monday
The gold market has rallied rather significantly during the trading session here on Monday, breaking out of the two week range that we have been stuck in. We are starting to see a bit of volume jump in this market, and I think a lot of this comes down to people being worried about the trade situation in the United States, whether or not that is warranted remains to be seen, but that's just how markets have been behaving. Ultimately, short-term pullbacks continue to be buying opportunities with the 50-day EMA sitting at the $3,321 level and rising. A market rally here does make a certain amount of sense, but I think ... (full story)
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- Jul 22, 2025 5:01am Posted byTechnical Analysis288
