Monday, November 23, 2020

Tag: Watching Gold Into The Close

Watching Gold Into The Close

by Turd Ferguson, TF Metals Report:
We’ve been watching CDG climb all week toward the important level of $1250. With price butting up against some key technical indicators, we’ll want to watch price into the close to see where we end the week.

First of all, I’m at MamaFerg’s house this morning and will be here again for a day next week as we work with PapaFerg. So, unfortunately, we’ll need to keep this post somewhat brief.

You’ve no doubt seen the action so far today in both USDJPY and CDG. With USDJPY falling to new weekly lows (I have a last of 111.32), the pressure to move CDG up and through the important 50-day and 100-day MAs is building.