News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
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US Bans American Banks from Purchasing Russian Sovereign Debt
US Bans American Banks from Purchasing Russian Sovereign Debt
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*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Update

Gold Assembles an Interesting Picture.

November 1, 2021 - (Gold Market Wire) - On the surface of it, Gold's not doing much as of late. $1750-$1820 (+/- some short-lived outside moves) for four months now. But if we look at the chart as it now sits, we are starting to get a somewhat clearer picture.

...rubber meeting road?

That overhead downtrend line has really penned us in, but in the previous five trading days we closed above it three times. We look set to challenge it again. Could we be setting up for a definitive move above it? Well, we're starting to lean to the'yes' camp on this one.

same as above, close-up. 50 and 100 day mov. averages getting ready for cross-over?

Right now, the downtrend needs to be cleared again, and held this time. We won't anticipate the market, but we are prepared to add length now if we can get through. The market does look like it is preparing to make a move. We think it is likely to be higher. The trading posture is maintained. Length to be added -but only with proper patience of the down trend..and a good solid close above. It looks like the downside is running out of steam.

traders...usually Friday caveat still holds.

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