Gold price (futures)

  • Post author:
  • Post category:Gold

The nominal gold price is slithering along the moving averages

Gold is trying to take out the daily chart SMA 50 & 200. Trying being the operative word because this gold futures contract is lagging other global gold indicators. When gold makes a positive move sooner or later, the bull gateway will come heavily back into play. Here we also recall that this entire chart is only part of a ‘Handle’ to the monthly chart’s bullish Cup.

Meanwhile anecdotally, gold bulls the world over are wondering why gold did not move with inflation. Perfect.

For “best of breed” top down analysis of all major markets, subscribe to NFTRH Premium, which includes an in-depth weekly market report, detailed market updates and NFTRH+ dynamic updates and chart/trade setup ideas. Subscribe by PayPal or credit card using a button on the right sidebar (if using a mobile device you may need to scroll down). Keep up to date with actionable public content at by using the email form on the right sidebar. Follow via Twitter @NFTRHgt.