Precious Metals
[Chart] Gold is Looking Strong as it Tests Resistance
Since it’s sell-off from it’s early August high, gold has been stuck in an ever decreasing range. Having had a remarkable rally to an intra-day high of $2,078 on the 7th of August Gold has traded sideways and consolidated. This has been viewed by many market commentators as a healthy pause in gold’s bull rally […]
The post [Chart] Gold is Looking Strong as it Tests Resistance appeared first on GoldCore Gold Bullion Dealer.

Since it’s sell-off from it’s early August high, gold has been stuck in an ever decreasing range.
Having had a remarkable rally to an intra-day high of $2,078 on the 7th of August Gold has traded sideways and consolidated. This has been viewed by many market commentators as a healthy pause in gold’s bull rally as when markets go parabolic they tend to retrace just as fast.
The underlying rationale for owning gold has not change over the last month and some would say that it continues to increase. However, stock markets returned to their uptrend and gold traded sideways in an ever tighter range.
It is once again testing the top of the short term range and a close above $1,975 could quickly see a retest of $2,000. However, a failure at these levels could set up a further retracement in the short term, which could test $1,910 or lower.
NEWS and COMMENTARY
Gold gains as dollar softens ahead of Fed meeting
Slowing investor demand looms over gold prices (Reuters)
Dollar softer on improved risk appetite, yuan soars
Why gold is still a safe haven in times of crisis
IEA cuts 2020 oil demand forecast, sees ‘treacherous’ path ahead with rising coronavirus cases
GOLD PRICES (USD, GBP & EUR – AM/ PM LBMA Fix)
14-Sep-20 1942.30 1958.70 1511.69 1518.97 1638.14 1648.83
11-Sep-20 1944.50 1947.40 1519.82 1523.06 1639.41 1644.38
10-Sep-20 1944.80 1966.25 1493.41 1519.71 1643.74 1651.26
09-Sep-20 1928.40 1947.20 1489.69 1496.62 1638.56 1647.14
08-Sep-20 1920.60 1910.95 1467.72 1466.27 1626.17 1622.40
07-Sep-20 1928.40 1928.45 1463.08 1465.43 1629.88 1631.47
04-Sep-20 1937.60 1926.30 1456.49 1459.56 1634.75 1633.12
03-Sep-20 1934.10 1940.45 1453.86 1459.99 1635.28 1637.74
02-Sep-20 1969.00 1947.05 1475.17 1462.43 1659.47 1645.45
01-Sep-20 1987.95 1972.35 1479.83 1469.60 1661.33 1651.45
28-Aug-20 1955.85 1957.35 1471.97 1472.91 1642.72 1647.31
Own gold coins and bars in the safest vaults in Zurich, Switzerland with GoldCore. Learn why Switzerland remains a safe haven jurisdiction for owning precious metals. Access Our Most Popular Guide, the Essential Guide to Storing Gold in Switzerland here
Receive Our Award Winning Market Updates In Your Inbox – Sign Up Here
The post [Chart] Gold is Looking Strong as it Tests Resistance appeared first on GoldCore Gold Bullion Dealer.

Schiff: Is The Fed Easing Up On The Inflation Fight?
Schiff: Is The Fed Easing Up On The Inflation Fight?
Via SchiffGold.com,
Is the Federal Reserve easing off the accelerator on its inflation…
Timberline Resources (TSXV:TBR) Announces New High-Grade Gold and Silver Target at Eureka Project
Timberline Resources (TSXV:TBR) has announced it has discovered a new high-grade gold and silver target in the New York Canyon claim block of the 100%-controlled…
Copper Co. Says BC Project 'Chock Full of Minerals'
Source: Streetwise Reports 02/01/2023
Alpha Copper Corp. releases results from 2022 fieldwork and diamond drilling at its Indata project…
-
Base Metals13 hours ago
St George looks to become a ‘dominant player’ in Mt Ida lithium belt with Woolgangie acquisition
-
Uncategorized14 hours ago
Greentech picks up new base metals prospect south of Whundo
-
Energy & Critical Metals11 hours ago
Grain Oriented Electrical SteeI: India Steps on the Gas Pedal
-
Economics15 hours ago
Analyzing the Labor Market Versus the Stock Market
-
Financing News17 hours ago
Newmont Corporation Files Early Warning Report
-
Uncategorized18 hours ago
Guy on Rocks: How did Guy’s ASX stocks picks perform in 2022?
-
Financing News6 hours ago
Osino Announces Progress on Definitive Feasibility Study For Twin Hills Gold Project, Namibia
-
Energy & Critical Metals10 hours ago
Study finds ocean energy could save UK over £1bn in dispatch costs