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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.
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.