News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
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 Update

Gold Fails at $1595 and Falls Sharply

March 31, 2020 - (Gold Market Wire) - Gold failed to retake $1635 on the upside and didn't hold $1595 on the support side.

As we published in our previous reports we are short and we stay short.

doesn't need a lot of embellishment

Gold failed to hold and is now weak. We are short and we stay short. Short positions can be added to on bounces against the $1595 close (spot).

We warned in earlier reports that the failure to regain $1635 meant trouble and a failure at $1595 would mean a follow through.

Plan the trade..and trade the plan.

It usually is that simple.

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