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.
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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.