Gold Daily Review for March 8, 2018
|Gold prices surged past chart resistance to break the near-term down trend but the recovery may fizzle as trade war jitters drive haven-seeking capital flows|
|Gary Cohn’s resignation as President Trump’s National Economic Council director may mean the bank’s influence on the administration is waning.|
|Gold price charts have shown a softening of strength as 2016 and 2017 highs have been tested, helping to produce a bearish channel near resistance.|
|BI PRIME: This is unlike tariffs imposed by presidents going back to Nixon.|
|Gold prices settled lower Wednesday, giving back roughly half of what they gained a day earlier. Upbeat data on U.S. private-sector jobs helped the U.|
Have a nice trading!