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Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold Climbs to the Downtrend
February 10, 2022 - (Gold Market Wire) - Gold is climbing up towards our downtrend line, and the the time is coming to decide on another spec short position.
Of course we always entertain the possibility that we rise above the downtrend, and close above it for the week. That will be where we cut the position. So, for now, we seek an updraft and get ready to spec short again. We can't really see anything that isn't telling us that this rally will fizzle out. The downtrend line has been very friendly to us as of late, and we are getting the selling shoes on.