Commodities Analysis by Chris Kimble covering: XAU/USD, Gold Futures, SPDR® Gold Shares, ProShares UltraShort Gold. Read Chris Kimble's latest article on Investing.com
First, gold has continued to bounce off its 22-year rising trend support line at . Second, a megaphone pattern at shows the price getting squeezed between the upper megaphone resistance and rising trend line support.And should Gold breakout at , it would be super bullish.
Vince Lanci of Echo Bay Futures and Gold Fix on Substack joins us to discuss the recent rebound in Gold, the driving forces, and what lies ahead for the yellow metal. Recession winds are blowing, and the next major gust could push silver over the edge. While silver has benefited from the Middle East conflict, history shows the white metal can’t...
The reason for the rally, of course, was Israel’s forces massing for an invasion of Gaza. No one wanted to be out of the gold market going into the weekend. It was a classic...We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
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