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Did Gold Miss Out On The Party?
Gold has missed several opportunities to rally this year and the path of least resistance is in the downward direction for now, this according to Carley Garner, president of DeCarley Trading.
“[Gold] has had every excuse in the book to rally. We’ve had political turmoil, trade conflict, and gold just can’t seem to get above $1,350, $1,360 [an ounce]. So, I think we’ve missed the boat on the rally,” Garner told Kitco News.
The yellow metal has traded range-bound since early 2018, testing lows of $1,320 an ounce but failing to break past and stay above $1,360 an ounce, which some analysts consider a key resistance level. (show less)
Gold has missed several opportunities to rally this year and the path of least resistance is in the downward direction for now, this according to Carley Garner, president of DeCarley Trading.
“[Gold] has had every excuse in the book to rally. We’ve had political turmoil, trade conflict, and gold just can’t seem to get above $1,350, $1,360 [an ounce]. So, I think we’ve missed the boat on the rally,” Garner told Kitco News.
The yellow metal has traded ... (read more)
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