gold trading, silver trading - daily alerts

przemyslaw-radomski

Gold's Upside Target Reached - What's Next?

December 21, 2017, 7:25 AM Przemysław Radomski , CFA

Please log in to read the entire text.
If you don’t have a login yet, please select your access package.

How high can gold rally? To $1,270 - $1,290. That’s what we wrote on December 14. Stockcharts’ intraday high for yesterday’s session is $1,271.40, which means that our target area has already been reached. However, gold will remain in the target area even if the rally continues for another $20 or so. Which scenario is likely to play out and when is it likely to play out? Gold’s chart provides answers.

Did you enjoy the article? Share it with the others!

Gold Alerts

More

Feb Market Overview

Gold Market Overview

In this edition of the Market Overview, we will examine what the Great Unwind implies for the U.S. dollar and gold. The tightening of monetary policy and higher interest rates could be negative for gold, but more hawkish BoJ and ECB would mean narrower divergence in monetary policies between the Fed and other major central banks.
We will answer the question of why the American currency has been falling like a stone recently, despite the Fed’s tightening cycle. We will also explore the historical bull and bear cycles in both gold and the U.S. dollar, as trend in this currency is likely to be the vital driver in the gold market in 2018.

Read more in the latest Market Overview report.

menu subelement hover background