Gold bulls need to get serious if they want to see higher prices

Spot Gold Analysis


Spot Gold

Spot Gold has had a rough few weeks as price pushes lower and buyers now need to step in if price is going to head higher. Price is showing signs of being oversold and at a key level where we are expecting a reaction higher but if not, and sellers hold lower highs, we see an extended move down to $1242.

Commodity : Spot Gold

Current Price : 1288

Status : On watch for higher lows and buying pressure