The Price of Gold Is Falling, but These Technical Indicators Point to an Upcoming Rally

Last week was a rough one for the price of gold, and you don't have to look far to figure out why. The U.S. 10-year Treasury bond rose back above 3% to reach 3.05% on Tuesday (May 15), the highest it's been since 2014. It went even higher over the next couple of days, spending the rest of the week above 3%. But an end to this gold price correction may be near, and I'll tell you why. In fact, what was old support may soon become the new resistance for the dollar. Tags: Gold Prices To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post The Price of Gold Is Falling, but These Technical Indicators Point to an Upcoming Rally appeared first on Money Morning - We Make Investing Profitable .
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