News Column

Gold Prices Remain at Risk of Further Declines

May 9, 2014

David Rodriguez

Gold Prices Remain at Risk of Further Declines



GOLD - Forex trading crowds remain aggressively long Gold versus the US Dollar, and a contrarian view of crowd sentiment leaves us looking for further losses.



Trade Implications GOLD - Last week we noted that Gold may have set an important low as it bottomed into a key cyclical turn window. Yet failure at key resistance of $1315 keeps our short-term focus to the downside, and indeed a break below $1270 would instill further confidence in our calls for Gold price weakness.



See next currency section: GBPJPY - Forex Sentiment Sounds Warning on GBPJPY Uptrend





Gold Prices Remain at Risk of Further Declines









Contact David via

Facebook at http://www.Facebook.com/DRodriguezFX




For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: DailyFx