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Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Changing Conditions Means New Ideas
December 8, 2022 - (Gold Market Wire) - New conditions call for a new outlook in Gold. We are getting the impression that the pullbacks are really starting to produce the kind of"higher lows" environment that signal to us a chance for a move to higher prices.
The spec short from previous peak worked well for us, but the lack of follow through to the downside is worthy ofnote. Taken is a slightly broader perspective, this pullback from the failure to get through at $1804 looks 'collected' ...and poised to make another charge.
(Remember - This Xmas... Gold might really be the best gift!)
Small length here.