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Gold Respects Resistance – Sell Off Coming? Gold has been technically and fundamentally supported for several years. The technical patterns arebeginning to break down which could mean the shiny metal has the potential to sell off from current levels. A break below 1532 would confirm a new downtrend and offer a trader an entry to sell. [...]
Stock and commodity markets continue to focus on the impact of weak global growth conditions and the EU debt crisis. The dollar moved back to its strongest levels in months benefitting from the Swiss currency peg, worries ahead of the 9/11 ten year anniversary and an European Central Bank more concerned about weak growth than [...]
In order to better assist in any future trading at ForexYard, the following is a brief analysis of gold and its recent ascent in the commodities market. After recently reaching a record high of $1,150 per ounce, gold continues its unprecedented rise as investors are increasingly turning to the metal as a safe haven asset. While [...]