271 days ago • Posted by Charles-Henry Monchau

Gold: a falling knife?

The pace of Gold's rapid ascent means the first real key support levels - in the eyes of chart watchers - are lower, even after yesterday's near 6% slide. Gold was still trading more than 2% above its uptrend from March and about 4% above a closely-watched Fibonacci level and its 50-day moving average (source: Bloomberg).   

Gold falling knife