News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
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*** GOLD MARKET WIRE ... GOLD MARKET WIRE ***
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US Bans American Banks from Purchasing Russian Sovereign Debt
US Bans American Banks from Purchasing Russian Sovereign Debt
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Shies Away - Again

October 19, 2020 - (Gold Market Wire) - Gold has touched the top of the channel, and shied away, yet again.

just when the channel top was in grasp... (daily chart)
....we back off, again. (30-minute chart)

We're in the same position as most of last week. The downtrending channel is still holding us back... the trend line is keep us in the game. We'll probably resolve this soon...unless the upcoming election sends us into a freeze out.

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