What does Thursday’s rally in gold, silver, and platinum tell us? The answer lies within the price action and weakness of that bounce. The metals are under pressure and showing no sign of letting up.
Gold has been moving up the last couple of days and has reached the first resistance 1730 June Futures. The pattern looks ready to breakout out to the upside and may be reversing the recent […]
On Monday, June Gold Futures hit a new high at 1788.8. Since then, it has been under pressure. This morning Gold traded as low as 1696.8 which was a solid support area. Gold has bounced a few dollars but still looks weak. However, we remain long and will stay there until Gold closes below 1660...