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Further Gold Gains Seem Unlikely

Further Gold Gains Seem Unlikely

2014-01-23 15:25:00
David Rodriguez, Head of Product
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ssi_gold_body_Picture_6.png, Further Gold Gains Seem Unlikely

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GoldRetail forex traders remain long Gold prices against the US Dollar, and a contrarian view of crowd sentiment leaves us in favor of further weakness.

Trade Implications – Gold: The combination of one-sided crowd sentiment and a Gold price failure at key technical resistance leaves us focused on further weakness.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

ssi_gold_body_Picture_5.png, Further Gold Gains Seem Unlikely

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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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