Watch $900 on Feb Gold

01/08/2009 2:12 pm EST


Thomas Aspray

, Professional Trader & Analyst


The February gold contract slightly exceeded its downtrend in late December before turning lower. The longer-term analysis suggests that the decline from the early-2008 highs is a correction within the major uptrend, but a strong move above resistance at $900 and then $950 is needed to support this view.

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

Related Articles on COMMODITIES

Keyword Image
The COT Report
03/12/2019 6:00 am EST

Once again, we got what we were looking for in the silver market. Gold also continued to fall before...

Keyword Image
Big Oil Wants Shale Patch
03/06/2019 12:54 pm EST

With crude oil, the big fish eventually eat the small fish, writes Phil Flynn, Senior Energy Analyst...