Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.prices are seeing mild losses in early U.S. trading Wednesday.
Technically, the gold futures bulls have the slight overall near-term technical advantage. Bulls’ next upside price objective is to produce a close in April futures above solid resistance at $2,100.00. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $2,000.00. First resistance is seen at the overnight high of $2,052.60 and then at this week’s high of $2,059.10. First support is seen at Tuesday’s low of $2,038.
Jim is the proprietor of the"Jim Wyckoff on the Markets" analytical, educational and trading advisory service. Jim also worked as a technical analyst for Dow Jones Newswires and as the senior market analyst with TraderPlanet.com. Jim is also a consultant with the highly respected"Pro Farmer" agricultural advisory service. Jim was also the head equities analyst at CapitalistEdge.com.
- Keith Neumeyer, president and CEO of First Majestic Silver said silver’s $23 resistance level has more to do with sentiment than fundamentals.In mid-January Neumeyer spoke to Kitco Mining at the Vancouver Resource Investment Conference 2024.Investors will return to the gold trade 'very rapidly' if the metal hits $2,100 ounce - Adrian Day
Source: Financial Digest (financialdigest.net)