Dan Deming Explains What's Behind The Downtrend In Gold Prices

Dan Deming says gold is teetering on the 1770 technical level. He sees bitcoin as a headwind and a major competitor as far as money flow. He thinks if gold breaches the 1775 to 1780 level, he then sees 1690 as the next potential stopping point. He adds if rates go up, that could be another headwind for gold.

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19 Feb 2021

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Dan Deming Explains What's Behind The Downtrend In Gold Prices

Dan Deming says gold is teetering on the 1770 technical level. He sees bitcoin as a headwind and a major competitor as far as money flow. He thinks if gold breaches the 1775 to 1780 level, he then sees 1690 as the next potential stopping point. He adds if rates go up, that could be another headwind for gold.

Market On Close

19 Feb 2021

ON AIR
7:00 am
Futures

Get Market Minute

Daily insights for every investor

FOLLOW US