the daily chartist

Gold recap for 02.12.20215

published 6 years ago
Gold Daily

Gold turned south pretty hard after the ADP data and the strong sentiment that FED may hike this month. Price yesterday opened at 1068.313 a bit low of the support area of 1066.550 and with the news coming in it dropped to 1050.591 and closed at 1053.571. If conditions remain the same and FED hikes, shorting gold won't be a very bad idea after all for a push to 1043.877 and 1039.242.