Categories: Financial NewsMetals

Have We Reached A Critical Turning Point For Gold Yet?

May 18, 2021

By TheTechnicalTraders

Trader Chris Vermeulen joins Elijia Johnson for the first time on Liberty and Finance to discuss the latest support and resistance for gold, silver, and bitcoin.  The gold market is at a critical turning point with gold hitting key resistance levels. If the US Dollar starts to rally, gold could fail to break out and, instead, fall to $1600.  However, does the strong divergence between gold and silver give clues as to which asset is likely to run farthest and fastest?

Click the image below to watch the interview

GET YOUR GOLD UPDATE DELIVERED TO YOUR INBOX EVERY MORNING WITH BAN TRADER PRO

 

InvestMacro

Share
Published by
InvestMacro

Recent Posts

USD/JPY Continues Its Climb: Is There a Limit?

By Analytical Department RoboForex USD/JPY rose to 160.52 on Thursday, marking its highest level since…

8 hours ago

Investors launched broad profit‑taking in the technology sector. The Bank of Canada kept its rate at 2.25%

By JustMarkets The US stock indices plunged to multi‑week lows. By the end of the…

8 hours ago

Gold (XAU/USD) Faces Persistent Selling Pressure

By Analytical Department RoboForex Gold (XAU/USD) fell to 4,174 USD per troy ounce on Wednesday,…

1 day ago

The US technology sector once again came under a wave of selling

By JustMarkets  By the end of the day, the Dow Jones Index (US30) rose by…

1 day ago

5 ways data centers endanger their local communities and the country as a whole

By Neha Gour, George Mason University; Ed Maibach, George Mason University, and Luis Ortiz, George…

2 days ago

China has shifted to using its own strategic oil reserves

By JustMarkets  On Monday, the US stock indices showed mixed dynamics, with the technology sector…

2 days ago

This website uses cookies.