Daily Market Report

Gold continues its fight to stay above the key $1,250 per ounce resistance/support level . . . .

After the 1.8 million-ounce Gold sale in just 60 seconds that caused a $20 drop yesterday, we are seeing the market stabilize . . . .

Someone sold 56 tons of Gold (1.8 Million Ounces) in just 60 seconds this morning . . . .

Gold is back on track to $1,300 per ounce after testing support at $1,250 and holding on good trading volume . . . .

Gold has traded above and below the important $1,250 per ounce resistance level in a very tight $7 trading range

Gold is trading in a narrow $6.50 high/low trading range, between $1,241 and $1,248 per ounce . . . .

Last night, during Asian trading, Gold took a run at the important $1,250 per ounce resistance level . . . .

A firmer U.S. Dollar and a slight increase in interest rates has caused Gold to trade between $1,245 and $1,255 . . . .

After this week’s $17 price correction, the Gold price is stabilized in a tight $6 high/low trading range today . . . .

After yesterday’s Janet Yellen (chairman of the Federal Reserve) hawkish news conference, Gold sold off . . . .