Monday, June 20, 2016

Gold Pulls Back

Gold is trading modestly lower in today's session after the 10-month high at $1,315. The precious metal dropped rapidly the same day reaching a low of $1,277, then the next day rose with some $25 making a high of $1,300.

Today, Gold is trading in the red making a low of $1,278 and currently trading at $1,281. Price is now in the short-term bearish trend which might as well be a correction while bulls are getting ready to push it further up to a new high.

Please be advised that this week will be filled with high market volatility as we have the UK Referendum scheduled for Thursday.
Posted by at
Labels: , , , , , , , , , , , , , , , ,

8 comments:

  1. UnknownJune 21, 2016 at 11:58 AM

    Great article as always.

    ReplyDelete
  2. UnknownJune 21, 2016 at 12:49 PM

    Ahead of the the Fed's Yellen testifies.

    ReplyDelete
  3. UnknownJune 21, 2016 at 2:26 PM

    Excellent analysis! Thank you for sharing!

    ReplyDelete
  4. UnknownJune 21, 2016 at 4:24 PM

    Let's see what effect Brexit will have on it.

    ReplyDelete
  5. UnknownJune 21, 2016 at 5:22 PM

    A big trumpet pattern since the beginning of March!

    ReplyDelete
  6. UnknownJune 24, 2016 at 5:01 AM

    It was interesting to read! Thanks a lot!

    ReplyDelete
  7. UnknownJune 24, 2016 at 5:35 AM

    As always, very detailed analysis.

    ReplyDelete
  8. UnknownJune 27, 2016 at 12:42 AM

    I'm going to pay close attention to gold this week.

    ReplyDelete

Subscribe to: Post Comments (Atom)