The gold futures contract lost 0.20% on Friday, as it fluctuated after bouncing from resistance level of $1,850. Earlier this month it broke below the previous local low and $1,800 price mark following strengthening U.S. dollar and rallying stock market, among other factors. The market gave back almost all of December’s advance. Last week gold bounced back higher, as we can see on the daily chart ( the chart includes today’s intraday data ):
GoldSo precious metals are mixed this morning.
Friday’s Preliminary UoM Consumer Sentiment release has been worse than expected at 76.2. Today we won’t get any new important economic data releases. Financial markets’ volatility remains low due to U.S. holiday.
Below you will find our Gold
Monday, February 15
Tuesday, February 16
For a look at all of today’s economic events, check out our economic calendar.
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All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.