Markets

Trading Forecast Gold

Gold closed near the session low today in a mammoth sell off that featured profit taking, weak long liquidation and some panic selling that did do some psychological damage to the market, but no serious chart damage--yet.The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this year's rally into uncharted territory, upside targets will be hard to project.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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