Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold Fishes for Bottom
July 3, 2023 - (Gold Market Wire) - Gold had an interesting end of the week. Those with the discipline to wait for $1900, and the discipline to pull the trigger, had a great set-up for a scalp. Those that bought in size could trade out a 'partial' for while still holding length for the scale-down buying program. Ah, for the optionality that being on the right side of the market gives.
Now the market is back to its old devices. Slowly working lower, while trying to break out of the down trend.
When we add our support line, we can see how closely fought the battle is.
It's July 4 tomorrow, so the market may go quiet, or some 'locals' may decide to rip the price up and down, hoping to create money out of the thin air provided.
Good Luck!