There's just no love for gold. The precious metal fell Monday, retreating from a three-week high in the previous session, as investors shook off last week's Fed decision to leave interest rates unchanged. Gold is now down more than 4 percent on the year, and according to one trader who relies heavily on the charts and options market, it's about to get a lot worse.
Looking at a chart of the GLD, the ETF that tracks gold, Andrew Keene noted a series of failed rallies this year. "Every time we see a move above the 50-day moving average, it proves to be a false breakout," Keene told CNBC's "Trading Nation" on Monday, marking four distinct moves...............................................Full Article: Source
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