Yesterday, gold broke the key resistance level of $117O an ounce and closed the day up $22.50 at $1188.70. This is the first time in the past four years that the gold market is starting to see a pattern of higher highs and higher lows. When this occurs we are most likely to see brokers recommend their clients buy the metals complex. The dollar is also challenging the August 24th low of 92.52 with a close of 93.97. There is a very good chance that the lows in the metals markets now have a firm bottom in place.
Please feel free to contact us if you would like to discuss traders’ outlook on these markets. Mr. Paul our market analyst will walk you through the charts and graphs to give you a better understanding of what traders are looking at.
About the Author Stanley Paul
I have been a professional trader since the late 1970s. Recently, I made the decision to accept the position of Market Analyst for National Coin Broker. I chose this firm because I know them to take the concerns of their client to heart and I know them to be fair in their pricing and knowledge of the precious metals markets.
National Coin Broker has made my knowledge, experience and expertise available to all of our clients. I am available any time to help if you wish to study charts, graphs, technical or fundamental factors as they relate to the precious metals markets.
Our goal is to help you understand the markets to make educated decisions on where to put your hard earned money to build a safe yet profitable precious metals investment portfolio. Should you wish to study the technical charts of precious metals, please contact me anytime by emailing email@example.com
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