GoldCore Precious Metals Update |
|
Gold Gold is currently trading at $954/oz after finishing higher last week which was important technically. Gold is looking to close the month of August with a monthly higher close (July 31st close $953.75/oz) but the shorts will as ever be attempting to paint the tape. Expectations for gold to break above resistance at $1,000/oz in the coming months are growing and any dips are expected to be bought. Overnight, the equity markets closed down with the Shanghai market leading the way with a
Filed under: Fundamental
Latest Posts
- What I See in FX Market
- T-Bonds and Gold Signal Impending Stock Market Break
- Weak Outlook for U.S. Economy Pressure Dollar
- Weakness Stays With Greenback; Yen Might Start Sliding as well
- US GDP and a Preview of Next Week’s US Releases
- Comprehensive FX and Futures Daily Commentary
- Weak Japanese Economic Data encourages Shedding of Risk
- Economic Indicators Review
- Forex - Chart USD/MXN Update: Consolidation starting to crumble
- 08/01/2010 - The Dollar is on the ropes, again
- Spain: Labour force, employment and unemployment - July 2010
- The Second Quarter Ended on a Soft Note
- Intuition and Trading
- Mixed data slows market enthusiasm
- A HEART-TO-HEART TALK