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Gold does eventually fall below $2,300
As suspected and conveyed here earlier today, the fall below $2,310 has not long ago fallen to below $2,300. The anticipated move lower did unsurprisingly coincide with the highs seen in the USD/JPY. The low seen so far has been set at $2,293.75, but it is off that low just now. The move below $2,300 today has now turned the 50 day moving average lower and sent the price down closer to the 100 day moving average (now at 2,249.75) The chart configuration noted here earlier does continue to suggest that the downside might still have further to run in the short-term. Gold is currently trading at $2,299.90
Market News
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Gold takes another hit
Just as the US stock markets were about to reopen Gold was pushing a little higher and heading back towards $3,040. Well, that move did not last long... -
Nasdaq 100 opens in the red
The US stock markets have just reopened and that opening has seen losses across all three major indexes. Of course that was always going to be the... -
US stock futures turn lower again- S+P 500 falls to indicate an opening close to 5,600
The US equity markets will soon reopen and it is not looking like a very positive start to the final session of the week. The Nasdaq 100 is now priced...
