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Gold's hesitation unnerving weaker bulls

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Gold was little-changed at the time of this writing on Tuesday evening, unable to find support from the sell-off in stocks or indeed the weaker US dollar. At the same time, it wasn’t exactly following the other commodities either, with oil and copper prices making sharp U-turns in mid-day. Despite its recent hesitation, gold has risen sharply ever since hitting a multi-year low of $1046 in December. At just shy of $1270 per ounce, the precious yellow metal is now up more than 20 per cent from

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