How Oversold Can Gold Price Get?

How Oversold Can Gold Price Get?

“Gold is now extremely oversold, with emotional opinion in paper markets unanimously bearish. Traders tell us the 200-day moving average is well and truly broken and the next support level is $1260. However, when gold broke down through the $1280 level yesterday it rallied sharply to test the $1300 level in a one-day spike reversal. “ Read More

Commodities / Gold and Silver 2014 Apr 25, 2014 – 12:29 PM GMT

By: Alasdair_Macleod

Gold Shortage

 

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