Gold Gets a Reprieve ; Bulls Still in Control - Jim Wyckoff

Gold prices have moved from near steady levels seen in earlier trading to modestly higher in late-morning trading Thursday. "Some bargain hunting following recent losses and some short covering in the futures market by the shorter-term traders are featured. However, gains are being limited by a resilient U.S. stock market that sees index prices near record highs,’ explained Jim Wyckoff, senior technical trader for Kitco Metals. 

Technically Speaking
Technically Speaking

Kitco’s Senior Analyst Jim Wyckoff has his charts come to life every Thursday on Technically Speaking. From key price targets to his weekly market rating for gold & silver, viewers really get a chance to understand how the technicals are impacted by the headlines. Will gold get a passing grade this week? Watch to find out!

 

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.