Today, positive news reports are pushing up the prices on precious metals. As opposed to yesterday’s decline, gold is bullish today.
The recent gains look as follows:
· Gold: +0,24% up to $1775,00/oz.
· Silver: +0,45% up to $34,83/oz.
· Platinum: +0,47% up to $1634,50/oz.
· Palladium: +0,90% up to $669,60/oz.
The chart below, courtesy of , reflects the current state of affairs in the market of gold futures:
The price seems to be consolidating in advance of another rally. The critical level for the bullish scenario is 1747.
