News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Russia Envisions "Final Destruction of Russian-Norwegian Relations" over Arctic
Russia Envisions "Final Destruction of Russian-Norwegian Relations" over Arctic
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GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
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*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Gold Market Update

Gold Takes Ride on the Rollercoaster

February 16, 2022 - (Gold Market Wire) - We had our target out to buy when we started clearing $1860, and it worked out well, and then got jostled when the "World Peace Declared!" headlines rang through the wires. Now, we're back where we started:

...the next challenge (in red)

Those who liked the instant money and traded out found favour yesterday, as they didn't have to ride the down draft. Still, in our executed scenario, it wasn't that much of draw down. Yes the chart formation of the past fortnight has a slight parabolic look to it, but we are consoled by this morning's European action which now looks like a true 'back and fill' in a rally. So be it. We are sticking with the length.

Our first challenge is to close above $1871, but right now we are content with the action, and with being long at $1860 and a few pennies. We haven't been at these levels since mid-November, so we will have to get "acclimatised".

Let's see if we can.

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