Gold Weaker On Profit Taking And On Rebounds In Equities, U.S. Dollar - News Summed Up

Gold Weaker On Profit Taking And On Rebounds In Equities, U.S. Dollar


(Kitco News) - Gold prices ended a choppy, two-sided trading session slightly lower Tuesday. Gold prices also saw a bit of profit taking from recent gains that pushed prices to a four-week high Monday. The gold bulls have the slight overall near-term technical advantage. Gold bulls' next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,275.00. The next downside price objective for the bears is closing prices below solid technical support at the March low of 255.85 cents.


Source: Forbes March 28, 2017 17:15 UTC



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