Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold Clears Resistance
July 20, 2023 - (Gold Market Wire) - Gold has cleared some important horizontal resistance, and is well positioned to run back to all-time highs and probably beyond. The Macro situation continues its alarming deterioration, as the inter-dependent world economy unwinds and de-intergrates.
A bifurcating world monetary system looks ready to support Gold. But it should also be remembered, as explained by the Gold trading master himself, that "you probably do not want to see the world with Gold at $5,000." That is worth remembering as we start to move higher.