Gold to Pause at $2000 Resistance

Jordan Roy-Byrne
Author, CMT, and Editor @ The Daily Gold
October 24, 2023

Gold has rocketed higher in recent weeks and hit $2000 on Friday before backing off a bit. Gold is overbought which is bullish but in the short-term it likely pauses or corrects. Look for support at $1940 and $1920.

The Daily Gold

********

Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. TheDailyGold.com was recently named one of the top 50 Investment Blogs by DailyReckoning and WalletHub.

Recent Articles

In 1792 the U.S. Congress adopted a bimetallic standard (gold and silver) for the new nation's currency - with gold valued at $19.30 per troy ounce
Top 5 Best Gold IRA Companies

Gold Eagle twitter                Like Gold Eagle on Facebook