The $1,800 level now looms as a critical technical juncture.
Gold's first attempt failed to break above resistances, the upper Bollinger band and 18 d.m.a. The US Dollar Index near major support.
China has allowed international and domestic banks to import larger amounts of bullion, reports Reuters, saying 150 tonnes will be shipped next month.
Ever since the market crash in February and March of 2020, so many investors, authors and analysts have been on high alert for the next shoe to drop.
First understand that there is no rational explanation for the day-to-day histrionics of deranged markets.
Gold nearing the $1,795 area resistance.
Indian physical gold demand and Indian jewelry demand will be less in the short term due to covid worrying situation.
Technical stock updates.
Positions as of Tuesday, April 13, 2021.
I am about 100% convinced that the intermediate cycle low was hit and now we have yesterday's aggressive move above the 50 DMA..
