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
***
Gold Bounces Off 100 Day Moving Average
Gold Bounces Off 100 Day Moving Average
***
London Book-Makers have Trump and Biden at Similar Odds
London Book-Makers have Trump and Biden at Similar Odds
***
Covid-19 Cases Climb as Deaths Dwindle
Covid-19 Cases Climb as Deaths Dwindle
***
First Half 2020 Gold ETF Inflows Hit Record of $40 Billion
First Half 2020 Gold ETF Inflows Hit Record of $40 Billion
***
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 Opening

Gold Touches Down on the Trend Line

August, 21 2020 - (Gold Market Wire) - Not unlike our recent missive on Silver, Gold also has something of a conundrum in the crosshairs. This European a.m. we have turned to the downside and now one of the major trend lines comes into the picture. The shape of the trend makes a speculative long worthwhile - but only on the leash of a fairly short stop. We could downdraft to $1903, where the horizontal support comes in, in fairly short order, should we give way, so be prepared to cut if it goes against you.

...spec buyers set-up?

This most certainly is a 'spec' buy, and belongs only to the "wild-eyed" gamblers of Harry Schultz fame. You'll have to be fairly merciless about cutting it if it goes against you - so if you're the type that stands around and watches positions go against you, while the trigger finger gets paralysis - stay away!

Here's what's below:

< Previous articleHome pageNext article >
<- Go Back