Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold Trend Line Fails
November 19, 2020 - (Gold Market Wire) -Gold's uptrend has failed and the opening at $1871 this morning gave us the sign to close the position. Gold is fairing poorly, and we take our losses now, before it gets any worse.
![](https://assets-global.website-files.com/5d754afa7a6dfa49fd253976/5fb62c74ab4e901b46f9f206_Screen%20Shot%202020-11-19%20at%209.18.30%20AM.png)
As we back up for the bigger picture, we can see an uncertain period ahead. The channel has more room to go.
![](https://assets-global.website-files.com/5d754afa7a6dfa49fd253976/5fb62d955d55d280eb804ea8_Screen%20Shot%202020-11-19%20at%209.16.24%20AM.png)
$1850 is now going to come into play and it needs to hold. It's time to sit on the sidelines.