Day Trading – Gold for Market Overview

Day Trading – Gold for Market Overview

This is a very simple chart, but says everything about last weeks of any Market you trade or follow. I use gold as a leader for this one blog, since it give you the best picture of what is going on. In one word, a consolidation, and we are at the end of the Pick!

I was actually looking for  a break out, since 2 weeks…but ..did not happen. I wasn’t expecting that market will consolidate that badly, but for the good.

Long it consolidate, and better the next direction will be, and clearly!