Darren Heathcote
Darren Heathcote
drivers either particular push
It doesn't look like we've got any particular drivers to push it either down or much higher.
below break immediate looking target
We are now looking to target about $534,50, with $539 probably the resistance. But I still think we need to see a break below $525 to see an immediate reversal in the trend.
bit momentum positive push
We're still in a bit of consolidation...I think everything is still pretty good, still positive for gold. It doesn't really have any momentum to push it down.
break duration looking sustain test
If we sustain this break for the duration of the day, then I think we will be looking to test $495 again.
happen london looks near targeting
Certainly, it looks like we are targeting $600 in the near term. It may happen in London overnight.
bit
We are still in an upward trend. The fundamentals are still in place but I think we are having a bit of a shake-out.
moment mood
At the moment the mood is still jubilant.
bit lacking
At the moment, I think we're lacking a little bit of direction.
funds looking might money opinion somewhat speculate spike
Obviously, the funds will be looking to speculate and make some money out of this. But I am still of the opinion that the spike might be somewhat short-lived.
broken looks next target yesterday
There's some profit-taking now, but look at where we are. It's broken $520, the target we had yesterday ... looks like $525 is the next target.
break dollar gold recent saw seen though
We've seen gold break the correlation with the dollar in recent times. We saw gold strengthening even though the U.S. dollar was strengthening.
bit break broken buy confidence fact helping people sustained
The fact that it hasn't broken through, sustained a break through $535 is probably helping people to find a bit more confidence to buy it back again.
normally silver
I just think silver is getting a little more speculation than it normally would.
drive funds investment pushing
Investment funds are pushing gold. The drive for it is still fundamentally sound.