GOLD NEWS

Look foryet lower gold price before buying

Daily technical charts suggest gold could yet fall more, but monthly charts still look strong for the metal price looking forward

Author: Larry Baer
Posted: Tuesday , 27 Jul 2010

DOVER, DE (Benzinga.com) -

The debate continues on and on in the gold market. Some analysts believe gold could be the largest bubble since the housing market and it's going to burst. Gold bugs remain bullish touting gold's apparent imperviousness.

To the bear camp's credit gold has given me a sell signal today (7/26) on the daily charts with both the 9 and 20 day simple moving averages pointing down.......

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