Daily Archives: December 16, 2019


Technically, the gold bulls and bears are on a level overall near-term technical playing field amidst choppy and sideways trading just recently. Bears next near-term drawback cost goal is pushing futures prices listed below solid technical support at the November low of $1,453.10. Silver bulls next advantage price breakout objective is closing costs above strong technical resistance at last weeks high of $17.415 an ounce. The next drawback price breakout objective for the bears is closing rates below solid support at $16.00. Resistance is seen at last weeks high of $17.185 and then at the December high of $17.415. The key “outdoors markets” today see the U.S. dollar lower. The USDX hit a 4.5-month low last Friday. Meantime, Nymex petroleum […]

Gold prices near steady amid better global risk appetite