The Gold Price Charts Right Now: Trend Lines, Support And Resistance Levels - News Summed Up

The Gold Price Charts Right Now: Trend Lines, Support And Resistance Levels


Gold stocks have been on fire as well, combining the best of both worlds. Here's how the gold price looks on a daily basis:That mid-October blast upward took the price above the Ichimoku cloud and it has remained above ever since. This suggests that a pause in upward movement may be in order. Here's how the price looks from the standpoint of the weekly chart:You can make out the classic triangle pattern that has formed from the late 2015 low until now. In the past, analysts have thought of the gold price upward movement as a fear indicator or as inflation signaling or as both.


Source: Forbes February 02, 2019 20:15 UTC



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