Gold – Testing Support

Gold – Testing Support Commentary for Friday, July 23, 2021 (www.golddealer.com) – Gold closed down $3.60 today at $1801.40 silver closed down $0.15 at $25.22. The gold market this week would appear bearish to a pessimist, but this may turn out to be a typical knee jerk reaction. Yes, prices have trended lower, but it […]

Gold – Overhead Resistance

Gold – Overhead Resistance Commentary for Friday, July 16, 2021 (www.golddealer.com) – Gold closed down $13.90 at $1814.50 today and silver closed down $0.60 at $25.78. The gold futures market for more than an hour today tried to break above $1826.00. But this “hard” overhead resistance proved to be a “bridge too far”. And in […]

Gold – Mixed Signals?

Gold – Mixed Signals? Commentary for Friday, July 9, 2021 (www.golddealer.com) – Gold closed up $10.40 at $1810.00 today and silver was higher by $0.24 at $26.21. The gold trade going into the weekend remains mixed but perhaps promising. The bullish outlook is improving yet subject to Fed governors who like to speculate over some […]

Gold – A Cautious Long Weekend

Gold – A Cautious Long Weekend Commentary for Friday, July 2, 2021 (www.golddealer.com) – Gold closed up $6.70 at $1782.60 with a positive $8.00 aftermarket. Silver closed up $0.40 at $26.48. The much-expected job numbers were out today, and the picture is mixed. The US added jobs, but unemployment also moved higher. It is the […]

Gold – Quiet Summer Trading

Gold – Quiet Summer Trading Commentary for Friday, June 25, 2021 (www.golddealer.com) – Gold closed up $1.00 at $1776.60 and silver closed up $0.03 at $26.08. While there was some inflation excitement in the early gold trade, the market sold off at $1790.00 and finished the day almost unchanged. For now, traders and investors seem […]