Gold costs moved higher, bouncing back from Tuesday's slide. Costs couldn't recover opposition obstruction close to the 10-day moving normal at 1,734. Target obstruction is presently seen close to the 50-day moving normal at 1,788. Extra help is seen close to the June lows at 1,670. Momentary force has flipped and is currently negative as the quick stochastic produced a hybrid sell signal, simply over the oversold trigger level, and has now moved lower. The current perusing on the quick stochastic is 76, just beneath the overbought trigger degree of 80, portending an amendment. Medium-term energy has turned positive.
Durable goods orders decreased by 1.1% in February after bounce 3.5% a month earlier. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, dropped 0.8% last month. Core capital goods orders gained 0.6% in January. Expectations were for core capital goods orders would rise 0.5%. Core capital goods orders surged 8.5% on a year-on-year basis in February