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Gold to Pause at $2000 Resistance

By Jordan Roy-Byrne CMT, MFTA •Posted on October 23, 2023

Gold has rocketed higher in recent weeks and hit $2000 on Friday before backing off a bit. Gold is overbought which is bullish but in the short-term it likely pauses or corrects. Look for support at $1940 and $1920.

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Jordan Roy-Byrne CMT, MFTA is a Chartered Market Technician and Master of Financial Technical Analysis. He is the author of the 2025 Book Gold & Silver: The Greatest Bull Market Has Begun. He is also the editor and publisher of TheDailyGold and TheDailyGold Premium, a newsletter which emphasizes market timing and stock selection for precious metals investors. Read more →

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