Gold correction deepens in fall below $2,000
Gold falls by 1.7% and back below the $2,000 mark
The correction in gold and silver continues to start the week as we see the former fall by 1.7% in a drop to $1,991 while the latter is seeing a drop by more than 4% and under $28.
There has been a strong sense that gold is one that has moved too far, too fast – even when tracking above $1,900 initially. But the resilience over the past two weeks has been astounding, though we are starting to see signs of exhaustion finally catch up.
As mentioned before, given how gold has behaved recently and how much it has been hyped up as a consensus trade as of late, any correction or pullback can be rather violent.
This ~1% drop perhaps isn’t much for now but it could lead to a sharper fall in the coming sessions, especially now that sellers are seizing back near-term control:
The 200-hour MA (blue line) @ $2,007.04 will be a key spot to watch but psychologically, closing back under $2,000 will be a real blow to gold bulls for the time being.
The long-term prospects for gold remain as brilliant as ever, but patience is the key when it comes to this trade. For now, the exuberance and hype has gone a little overboard but one can expect dip buyers on any sharper pullback closer towards $1,900.
Source: Technical analysis
Comments (78)
I like the valuable info you provide in your articles. I’ll bookmark your blog and check again here frequently.
I’m quite certain I’ll learn many new stuff right here!
Good luck for the next!
Hello there, just became aware of your blog through Google,and found that it’s truly informative. I’m going to watch out forbrussels. I will appreciate if you continuethis in future. Numerous people will be benefited from your writing.Cheers!
Hey there! Someone in my Myspace group shared
this website with us so I came to take a look. I’m definitely loving the information. I’m book-marking and will
be tweeting this to my followers! Superb blog and great design and style.
Asking questions are in fact pleasant thing if youare not understanding anything totally, however this piece of writing presents pleasant understanding yet.
My family members always say that I am killing my time hereat web, except I know I am getting familiarity daily by reading thes nice posts.
What’s up i am kavin, its my first occasion to commenting anywhere, when i read this paragraph i thought i could also createcomment due to this good paragraph.
Appreciating the dedication you put into your website and detailed information you present.It’s great to come across a blog every once in a while that isn’t the same old rehashed information.Fantastic read! I’ve bookmarked your site and I’m adding yourRSS feeds to my Google account.
hello there and thank you for your info – I’ve certainly picked
up something new from right here. I did however expertise some technical issues using this site, as I
experienced to reload the website many times previous to I could get it to
load properly. I had been wondering if your web host is OK?
Not that I’m complaining, but sluggish loading instances times will sometimes affect your placement in google and
could damage your high quality score if advertising and marketing with Adwords.
Well I’m adding this RSS to my e-mail and can look out for a lot more of your respective exciting content.
Ensure that you update this again very soon.
What’s up, after reading this amazing post i am too
glad to share my experience here with mates.
Thanks for sharing your info. I truly appreciate your efforts and I will be waiting for your further write
ups thanks once again.
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/gold-correction-deepens-in-fall-below-2000/ […]
… [Trackback]
[…] Information to that Topic: dayfinanceltd.com/gold-correction-deepens-in-fall-below-2000/ […]
Hey There. I found your weblog the usage of msn. That is an extremely well written article.
I will be sure to bookmark it and come back to learn more
of your useful information. Thank you for the post.
I will definitely comeback.
Hello friends, fastidious paragraph and good urging commented
at this place, I am really enjoying by these.
Truly when someone doesn’t understand afterward its up to other
users that they will help, so here it happens.
Hey very cool site!! Guy .. Excellent ..
Wonderful .. I will bookmark your blog and take the feeds also?
I’m happy to find numerous useful information right
here within the publish, we’d like develop extra strategies on this
regard, thanks for sharing. . . . . .
It is appropriate time to make some plans for the long
run and it is time to be happy. I’ve learn this submit and if I may just
I wish to counsel you some interesting things or tips.
Maybe you can write subsequent articles regarding this article.
I wish to learn even more issues approximately it!
Hey there! I simply want to give you a big thumbs up
for the excellent information you’ve got here on this post.
I will be coming back to your site for more soon.
Hey! Someone in my Facebook group shared this site with us
so I came to check it out. I’m definitely enjoying the information. I’m bookmarking and
will be tweeting this to my followers! Exceptional blog and wonderful design.
I was curious if you ever thought of changing the page layout of your blog?
Its very well written; I love what youve
got to say. But maybe you could a little more in the
way of content so people could connect with it better.
Youve got an awful lot of text for only having 1 or 2 pictures.
Maybe you could space it out better?
Hello there, You’ve done an excellent job. I will
definitely digg it and personally recommend to my friends.
I am sure they will be benefited from this site.
Hello there! I know this is kinda off topic however ,
I’d figured I’d ask. Would you be interested in trading links or maybe guest writing a blog article or vice-versa?
My site addresses a lot of the same subjects as yours and I think
we could greatly benefit from each other. If you happen to be interested feel free to send me
an e-mail. I look forward to hearing from you! Awesome blog by the way!
Keep on working, great job!
… [Trackback]
[…] Find More on that Topic: dayfinanceltd.com/gold-correction-deepens-in-fall-below-2000/ […]
If you want to improve your know-how only keep visiting this web site and be updated with the most up-to-date news update posted here.
My brother recommended I may like this web site. He was once entirely right.
This post actually made my day. You can not consider just how so much time
I had spent for this information! Thank you!
… [Trackback]
[…] Read More to that Topic: dayfinanceltd.com/gold-correction-deepens-in-fall-below-2000/ […]
My brother recommended I might like this web site. He was entirely
right. This post truly made my day. You can not imagine simply how much time I had spent for this information!
Thanks!
… [Trackback]
[…] Find More Info here on that Topic: dayfinanceltd.com/gold-correction-deepens-in-fall-below-2000/ […]
You actually make it seem so easy with your presentation but I find this topic
to be actually something which I think I would never understand.
It seems too complex and very broad for me. I’m looking forward for your next post,
I’ll try to get the hang of it!
… [Trackback]
[…] Info on that Topic: dayfinanceltd.com/gold-correction-deepens-in-fall-below-2000/ […]
I think this is among the most important info for me.
And i am glad reading your article. But want to remark
on some general things, The web site style is great, the articles
is really excellent : D. Good job, cheers
Hello! Do you know if they make any plugins to assist
with SEO? I’m trying to get my blog to rank for some targeted keywords but
I’m not seeing very good results. If you know of
any please share. Many thanks!
… [Trackback]
[…] Find More Info here to that Topic: dayfinanceltd.com/gold-correction-deepens-in-fall-below-2000/ […]
… [Trackback]
[…] Find More to that Topic: dayfinanceltd.com/gold-correction-deepens-in-fall-below-2000/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/gold-correction-deepens-in-fall-below-2000/ […]
… [Trackback]
[…] Find More on on that Topic: dayfinanceltd.com/gold-correction-deepens-in-fall-below-2000/ […]
… [Trackback]
[…] Info to that Topic: dayfinanceltd.com/gold-correction-deepens-in-fall-below-2000/ […]
You are so cool! I do not think I’ve truly read through
a single thing like this before. So nice to find someone with unique
thoughts on this issue. Really.. thanks for starting this up.
This website is something that is required on the web, someone
with a little originality!
Have a look at my blog post – tracfone 2022
… [Trackback]
[…] Read More Info here to that Topic: dayfinanceltd.com/gold-correction-deepens-in-fall-below-2000/ […]
… [Trackback]
[…] Read More Information here to that Topic: dayfinanceltd.com/gold-correction-deepens-in-fall-below-2000/ […]
… [Trackback]
[…] Here you can find 33192 more Info to that Topic: dayfinanceltd.com/gold-correction-deepens-in-fall-below-2000/ […]
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
It’s in fact very difficult in this busy life to
listen news on Television, so I just use web for that reason, and obtain the hottest
information.
Wonderful work! This is the type of information that are meant to
be shared around the web. Shame on the seek engines for now not positioning this publish
higher! Come on over and consult with my web site . Thanks =)
What’s up to every one, it’s genuinely a good for me to
go to see this website, it includes helpful Information.
We are a group of volunteers and starting a new scheme in our community. Your site provided us with valuable information to work on. You have done an impressive job and our whole community will be grateful to you.
I pay a visit day-to-day some sites and websites to read articles, except this website provides quality based posts.
You’ve made some decent points there. I looked on the web to find out more about the issue and found most individuals will go along with your views on this website.
What a information of un-ambiguity and preserveness of precious experience concerning unexpected feelings.
If you desire to increase your experience only keep visiting this web site and be updated with the latest information posted here.
где дорого принимают золото в москве – сдать старое золото цена
Your point of view caught my eye and was very interesting. Thanks. I have a question for you. https://accounts.binance.com/fr/register-person?ref=FIHEGIZ8
Hey! I could have sworn I’ve been to this blog before but after reading through some of the post I realized it’s new to me. Anyways, I’m definitely happy I found it and I’ll be bookmarking and checking back often!
Hello! Do you use Twitter? I’d like to follow you if that would be ok. I’m definitely enjoying your blog and look forward to new updates.
Hi there! This is my first visit to your blog! We are a collection of volunteers and starting a new initiative in a community in the same niche. Your blog provided us valuable information to work on. You have done a outstanding job!
I am extremely impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you customize it yourself? Either way keep up the nice quality writing, it’s rare to see a nice blog like this one these days.
Hi there, I think your website may be having internet browser compatibility issues. When I look at your site in Safari, it looks fine however when opening in IE, it has some overlapping issues. I simply wanted to give you a quick heads up! Apart from that, fantastic website!
Awesome blog! Is your theme custom made or did you download it from somewhere? A design like yours with a few simple adjustements would really make my blog shine. Please let me know where you got your design. Bless you
Whats up are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you need any coding knowledge to make your own blog? Any help would be greatly appreciated!
Hey! Do you know if they make any plugins to protect against hackers? I’m kinda paranoid about losing everything I’ve worked hard on. Any suggestions?
I am regular reader, how are you everybody? This post posted at this site is actually pleasant.
Good day I am so happy I found your web site, I really found you by mistake, while I was researching on Askjeeve for something else, Regardless I am here now and would just like to say cheers for a marvelous post and a all round exciting blog (I also love the theme/design), I don’t have time to look over it all at the minute but I have book-marked it and also added in your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the awesome job.
Hi, i read your blog occasionally and i own a similar one and i was just wondering if you get a lot of spam responses? If so how do you prevent it, any plugin or anything you can suggest? I get so much lately it’s driving me mad so any help is very much appreciated.
Hi it’s me, I am also visiting this site regularly, this website is actually good and the viewers are in fact sharing pleasant thoughts.
Wow, superb blog layout! How long have you been blogging for? you make blogging glance easy. The full glance of your web site is fantastic, let alonesmartly as the content!
It’s very straightforward to find out any topic on net as compared to books, as I found this piece of writing at this site.
I am in fact pleased to read this website posts which contains plenty of useful data, thanks for providing such data.
Great article! This is the type of information that are supposed to be shared around the web. Disgrace on the seek engines for not positioning this submit upper! Come on over and visit my site . Thank you =)
Unquestionably believe that which you stated. Your favorite justification appeared to be on the net the simplest thing to be aware of. I say to you, I definitely get irked while people consider worries that they plainly do not know about. You managed to hit the nail upon the top and also defined out the whole thing without having side effect , people can take a signal. Will likely be back to get more. Thanks
For latest news you have to visit world-wide-web and on web I found this site as a most excellent website for newest updates.
Awesome! Its really remarkable piece of writing, I have got much clear idea about from this piece of writing.
Magnificent site. A lot of useful information here. I’m sending it to some buddies ans also sharing in delicious. And of course, thank you for your effort!
Awesome! Its really remarkable post, I have got much clear idea regarding from this piece of writing.
My partner and I absolutely love your blog and find most of your post’s to be exactly I’m looking for. Does one offer guest writers to write content to suit your needs? I wouldn’t mind publishing a post or elaborating on a lot of the subjects you write concerning here. Again, awesome weblog!
My spouse and I stumbled over here from a different page and thought I may as well check things out. I like what I see so now i’m following you. Look forward to going over your web page for a second time.
I think this is one of the such a lot significant information for me. And i’m satisfied reading your article. However want to statement on few general things, The site taste is perfect, the articles is in point of fact nice : D. Just right activity, cheers
It is appropriate time to make some plans for the future and it is time to be happy. I have read this post and if I could I wish to suggest you few interesting things or suggestions. Perhaps you could write next articles referring to this article. I wish to read more things about it!