[Video] Here’s the bit that gold bugs have been waiting for…

After a precarious break below 1700, gold bugs have managed to take it back to key resistance. But can they now go the extra mile?

Gold 2

Of course, a large part of that outcome depends on the US dollar, which we also look at in today’s video using the US dollar index futures contract (DXY). We also take another look at the Nasdaq as it has its own make-or-break level to contend with.

S&P 500 (0.42%) 08 March 2021

  • The index closed 0.27% below its 52-week high
  • 259 (51.29%) stocks advanced and 245 (48.51%) declined
  • Communication Services (-0.081%) was the strongest sector and Materials (0.155%) was the weakest
  • 2 out of the 11 sectors outperformed the index
  • 93.86% of stocks closed above their 200-day average
  • 89.9% of stocks closed above their 50-day average
  • 78.22% of stocks closed above their 20-day average

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