Commodity Trade Mantra

Posts Tagged ‘Gold Futures Prices’

Gold Plunges Below "Crucial Level", Lowest Since Oct 2009

Over 18000 contracts dumped sending gold futures prices to Oct 2009 lows. As Goldman notes, in Gold, the critical level is 1,068-1,066. In Silver, support spans 13.98-13.83. The fact that oscillators are diverging positively suggests that price may be attempting to stabilize. A break lower would warn that the market hasn’t yet completed its impulsive decline.

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