Gold surges on North Korea fears

The Dollar Index is testing support at 100 on fears of further escalation in the stand-off with North Korea.

Dollar Index

Spot Gold broke resistance at $1260/ounce, offering an immediate target of $1300. Recovery of 13-week Twiggs Momentum above zero signals resumption of the primary up-trend.

Spot Gold

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s