Critical Area For Gold At $1,198
Kitco News catches up with Gary Wagner to see what the charts are telling him about gold this week! Wagner covers some bullish and bearish factors affecting the gold market right now and says that the “bear sentiment is outweighing the bullish sentiment” lately. “It’s been interesting because we have a push-pull scenario,” he adds. Although he sees the strong U.S. dollar hurting gold prices, he says the main negative driver for gold is the strong equity market. Looking to the charts, Gary highlights $1,198 as a critical level for gold and goes into more detail in his latest analysis on Chart This! Tune in now! Kitco News, February 20, 2015.
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