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Gold struggling for traction again
Yesterday the noted push above a technical level at $2,336.66 came to an abrupt halt once again. This time Gold peaked lower that the previous effort. The metal topped out at $2,338.55 and fell back to below $2,320. It did later rebound, to close in the US at $2,331.90. However, since then it has not made it back above $2,335 and right now it is close to session lows (2,322.98). The price action remains sandwiched in between the falling 50 day moving average (now in place at 2,337.67) and the rising 100 day moving average (now in place at $2,261.70) Gold is currently trading at $2,323.60
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EUR/USD rebounds into the 4pm London fix after Bundestag passes fiscal reform bill
The EUR/USD is on the rebound again just now. The gains come after it had earlier fallen to 1.0893. Subsequent to that fall the German Bundestag... -
US stock markets open lower this afternoon- check out the S+P 500 futures
The US stock markets have just reopened and it has been an across the board lower start to the session. The Nasdaq 100 has just kicked off at 19,657...
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Gold rises above technical resistance to set a new record high this afternoon
Since the last update here on Gold, the metal has now tested and taken out the noted trend line resistance level, in place around $3,029 per ounce...
