Gold $1,848 key for this week, a break still wont damage the upside monthly-chart.
Vaccine news meets lockdowns. Gold down $74 this week, still under $1,918 area -- the 18 week moving average. Close above it, the chart looks much differently.
The low in gold looks like it is going to hold. Video Update
Gold not trending, but we will get one soon.
The $1850 support zone stopped yesterday’s $100/ounce price decline. It offers investors a great real risk versus potential reward opportunity to enter fresh positions.
Republicans still have control over stimulus debate. US is like an engine being held back. Gold swung from the upper to lower Bollinger bands.
Gold's bias is up but there is no trend, yet.
There was a very large deposit into GLD yesterday, as an authorized participant added 313,382 troy ounces of gold. There was an even larger deposit into SLV, as an a.p. added an eye-watering 10,323,622 troy ounces of silver.
Federal Reserve will do its job irrespective of who is in power.
COT Gold Report - Positions as of Tuesday, November 3, 2020.
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