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Gold homing in on the next resistance level
Gold has not traded above its 100 day moving average since breaking below it on July 31. Granted it is now back above its 50 day moving average once more, having recovered that a little earlier this morning. That is in place at 1,932.13. The price remains established well above its 200 day of course now too and that has continued to guard the downside, now at 1,923.47. The 100 day moving average looks like it could be the next potential target on the radar for gold now and that is in place today at 1,945.65. The high seen so far this morning has recently been set at 1,935.21. It is just now at 1,934.75
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...
