by Rick Andrews | May 26, 2020 | Gold Nugget
After breaking through the resistance line established over the previous four weeks, gold prices retraced to the same line extension, which has now become a support line (see the following chart). Gold finished the week at $1,735.59, still in an uptrend on the daily...
by Rick Andrews | May 18, 2020 | Gold Nugget
Gold prices had been building a base of support around $1,700 per ounce for several weeks. Last week, prices began to break out from that base of support (see the following chart). Prices moved up steadily, closing at their weekly high of $1,756.30 per ounce. ...
by Rick Andrews | May 11, 2020 | Gold Nugget
Last week, gold prices continued to solidify support around $1,700 per ounce, closing the week at $1,713.90 per ounce (see the following chart). This base of support could provide the consolidation needed for the next leg up in gold prices during the current bull...
by Rick Andrews | May 4, 2020 | Gold Nugget
Gold prices found support around the $1,700-per-ounce level, closing the week at $1,700.90 per ounce (see the following chart). Gold remains in a bullish trend, with the precious metal up about 35% over the last year. By contrast, equity index averages such as the...
by Rick Andrews | Apr 27, 2020 | Gold Nugget
Last week, gold prices found support at around $1,670 per ounce, and then rallied back toward the recent high at $1,788.00 per ounce before closing at $1,735 per ounce (see the following chart). The U.S. Congress passed more funding for the...
by Rick Andrews | Apr 20, 2020 | Gold Nugget
Last week, gold prices challenged the $1,800-per-ounce level, hitting $1,788.00 per ounce before retracing to the $1,700-per-ounce support level (see the following charts). The chart at the bottom shows the continued strong performance of gold versus the S&P 500...
