Gold rallies as empowered bulls set sights on $2,000 gold silver dollar
- Gold prices are sharply up and hit a 2.5-month high in midday U.S. trading Tuesday. Silver prices are also sharply up and hit a nine-week high. The charts have recently turned more bullish for both precious metals, which is inviting the technically based speculators to the long side of those markets. A weaker-than-expected U.S. retail sales report this morning is also supporting ideas the Federal Reserve can take its foot of the gas sooner, regarding its interest-rate-increase cycle.
Asian and European stock markets were mixed in quieter overnight trading. U.S. stock indexes are higher at midday and hit new highs for the year. The U.S. stock index bulls are enjoying price uptrends in place on the daily bar charts, also reflecting the upbeat trader and investor attitudes at present.
Technically, August gold futures prices hit a 2.5-month high today. Bulls have gained the overall near-term technical advantage. Prices are in a three-week-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close above solid resistance at $2,000.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at the June low of $1,900.60. First resistance is seen at today’s high of $1,988.30 and then at $2,000.00.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bitcoin July 18 daily chart alert - Bulls have slight technical edge
Lire la suite »
B2Gold hunting for more assets after Sabina Gold dealB2Gold said it would consider further opportunities to acquire gold assets to accelerate growth even after its recent purchase of Sabina Gold SBB.F, which gave it its first project in home country Canada. B2Gold's C$1.1-billion acquisition of Sabina Gold, completed in April, included Sabina's untapped mineral-heavy Back River Gold district in Nunavut, Canada, which is expected to start production in 2025.
Lire la suite »
Pure data and chart reading technical analysis with Gareth Soloway and Ben Cohen - July 17, 2023Come join the No Shill Zone LIVE with GarethSoloway and intocryptoverse Pure data and chart reading technical analysis with two of the best traders in the game. Tune in here at 11 AM EST -
Lire la suite »
Miner's Drilldown: Weekly technical analysis of the top 10 gold and mining stocks - edition of July 18, 2023Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Lire la suite »
Senior Chestermere official assaulted underling, court toldKim Wallace, one of three chief administrative officers with the City of Chestermere, assaulted an underling, court hears.
Lire la suite »
Three more senior staffers out at Sault CollegeDepartures come just two weeks after former MPP David Orazietti took over as college president, and after the recent retirement of a fourth senior official, Colin Kirkwood
Lire la suite »