GOLD 0.51% $1,391.7 gold futures

The gold plunge continues, page-966

  1. 2,432 Posts.
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    Gold's rebound from the $1,180 triple bottom has been getter weaker on each bounce. The 1st rebound was to $1,420 from the test in July 2013. The 2nd rebound was only to $1,380 from the Dec 2014 bottom. This most recent rebound was only to $1,250.
    Gold is in a descending triangle formation at the moment and you can normally expect a breakout to the bottom. The Fed meeting minutes this week will be the final nail in the coffin for Gold.
 
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