Adam Sarhan Gold Quote: The Economic Times

Adam Sarhan Gold Quote: The Economic Times

Byinfo@50park.com

NEW YORK: Gold’s 20-day moving average falling below its 200-day and its brief foray into a bear market suggest momentum has turned bearish and a further pullback could be on its way.  Bullion’s 20-day moving average (DMA) dipped below its 200 DMA on Thursday, in what technical analysts termed a “death cross,” as short-term momentum…

Reuters Quote: Gold's 'death cross' signals more losses coming

Reuters Quote: Gold's 'death cross' signals more losses coming

Byinfo@50park.com

By Frank Tang NEW YORK (Reuters) – Gold rose two percent on Friday in a rebound rally, boosted as the euro rose against the dollar and as investors covered short positions the session after the metal hit a six-month low and briefly entered bear-market territory. Bullion is heading for a gain of around 10 percent…