GOLD
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0.51% $1,391.7 gold futures

did gold fall out of bed, or was it pushed?

  1. BH!
    2,521 Posts.
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    19/05/09
    07:06
    Post #: 5179128
    Disappointingly moved down out of its rally channel overnight.

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    However, it definitely had a fair bit of help. As you can see from the shorter term chart below, with the Euro moving up, gold would normally be expected to either move up or hold. Instead, it was monstered on the NY opening.

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    Value at posting: $0.00
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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