News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Gold Market Wire... Gold Market Wire... Gold Market Wire
Gold Market Wire... Gold Market Wire... Gold Market Wire
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Opening

Gold Climbs to Resistance Line

December 8, 2020 - (Gold Market Wire) - The slingshot continues to develop as Gold approaches the line of resistance. The market has reversed sharply, after its sudden stop. It has regained $1850, an essential move, and has kept the chart pattern alive. Now for the tough part - the top part of our band from $1850-65.

...something of a crossroads.

On the plus side, we have recovered the damage. The only detracting element is the near vertical rise from the last trading day of November. It is steep = but such are the requirements of a slingshot. Gold has done some serious work to recover the way it has. It could well be getting ready for the launch pad. But first, we need to clear the downtrend.

Exciting times.

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