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
***
USA to Withdraw 12,000 troops from Germany. NATO's Europe Strategy in Tatters
USA to Withdraw 12,000 troops from Germany. NATO's Europe Strategy in Tatters
***
UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
***
Federal Reserve Chairman Powell Makes Plea for Increased and Extended Monetary Stimulus
Federal Reserve Chairman Powell Makes Plea for Increased and Extended Monetary Stimulus
***
Covid-19 Cases Climb as Deaths Dwindle
Covid-19 Cases Climb as Deaths Dwindle
***
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
Fitch Ratings Calls 2020 "Record Year" for Sovereign Defaults
***
*** GOLD MARKET WIRE ***
*** GOLD MARKET WIRE ***
***
Subscribe to receive our monthly report
Market Info
Feature coming soon.
Thank you for your patience

Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Update

Gold Falls Beneath Trend Line Again

March 18, 2020 - (Gold Market Wire) - Gold is falling below its trend line today and looks ready to close there. It's not a good sign Although we have traded there before, we have always managed to close above. Now we run a new, more worrying, risk - that is - if you're bullish. That's why we waited for the proper set-up yesterday. We didn't get it - and we didn't enter the market. Discipline. You cannot trade based on hopes and fears. A better entry point looks likely... but we still need to be convinced that $1443 is going to hold. That will take some doing. The sidelines look like a very safe place, and this is where we stay.

gold needs to recapture line - on the close (MOC)

Liquidation across all markets is proceeding apace. The hunt for liquidity means a hunt for US Dollars, so it is no coincidence that the US Dollar had one its most extraordinary days - especially against the British Pound - where it traded at its lowest level since 1985. We may yet return to to parity.

These are troubled times we live in. Banks in Europe may close and there is a palpable sense of fear in the air.

Stay liquid! It is what everyone is trying to do. This is no time for speculation.

Until tomorrow.

< Previous articleHome pageNext article >
<- Go Back