Market Update: Gold

August 17, 2020
by Joseph Jeffriess, Market Analyst

Hi traders, today we take a look at golds daily chart as buyers continue to fightback from today’s earlier losses.

After a soft start to the week, buyers have returned pushing gold to a 0.38% gain. In today’s video we run over the price action we’re keeping an eye on and the levels we would like to see buyers hold to suggest price continues to move in a short term uptrend and a possible new continuation. Last weeks correction still needs to be thought about and if we see any new lower highs set up this could be a warning sign.

But for now, we will remain focused on the current leg up.

Today’s Market Analysis Video

All times are AEST.