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After a big miss on the Powell/Brainard nominations in November, the price analysis has been fairly accurate. Identifying the initial breakout above $1800, mentioning that $1900 was fragile support, and last month concluding that gold had found a bottom around $1800. For the past month, gold has been consolidating within a tight range around $1850. The data suggests the next […]
For the past year, gold has been battling around the $1,800 an ounce psychological mark. Silver has faced a similar up and down battle near $25, albeit with more volatility. Gold finished 2021 strong at $1830 but then a pullback happened followed by a quick rebound back above $1800 and now $1830. Will $1800 hold […]
The analysis last month showed that selling exhaustion may be near in the gold market. Since then, gold continues to be range-bound between $1750 and $1800 running up against both solid resistance and support. Meanwhile, silver has shown a mini-breakout. The $1800 level for gold is in play this week and could open the door for […]
