Gold: Long-Term View

12/29/2008 12:01 am EST


Thomas Aspray

, Professional Trader & Analyst


Though many commodity markets have been under pressure recently, gold has managed to edge a bit higher. By the end of December, we could see two consecutive higher monthly closes. The long-term support has been reached, and once above $935, the correction should be over. Next upside Fib targets at $1128 and $1250.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on COMMODITIES

Keyword Image
Brent crude nears $70 on OPEC
03/19/2019 12:21 pm EST

Bullish crude oil fundamentals run into bearish technicals in the Brent contract, notes Fawad Razaqz...