Gold trading plan – hitting resistance and small reversal. Gold trading, at these price levels we are testing the resistance of the major, multi year bearish trend line. Gold has challenged the trend line a third time ($1357) and has pulled back to $1339. The next step down would be the support at 1322 that…
Gold Trading – All is gold, does not glitter, Sellers in control. Let’s get to the gold charts. Remember, when selling occurs in gold and there is volume there is fear in the market that will normally cause the selling to continue. Gold sellers have moved in. There is a lot of different stories…
Risk off Trade is in the purchase of Dollars or US Treasuries, not in Gold. Dollar has been screaming up because of the impending doom in Europe. What is the Risk off trade? Gold, The Dollar Index and the S&P500 emini futures contract are running hand in hand this week as the Euro has been…
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