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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Market Moves more

Are You Smarter Than The Gold Market?

Posted on 26 October 2016

“Markets are never wrong – opinions often are” said Jesse Livermore, a legendary American stock trader of the 1920. Trading your opinion can be dangerous to your P/L statement. At the end of the day, the market is always right. Recent gold market action has been choppy and “noisy.”
Both the bulls and the bears are biding their time. At times like this, even fundamental traders and investors can find important clues on the chart. Here are 3 important signals the daily gold chart is showing now: The 2016 gold uptrend pattern is broken. The late September/early October sell-off broken the rising bull trendline drawn off the December 2015 low on the daily gold chart…………………………………..Full Article: Source


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VRS - who has written 48800 posts on Opalesque Commodities Briefing.


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