News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
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**** Gold Market Wire ****
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France Recalls Its Ambassadors from USA and Australia...Calls Their Behavior "Unacceptable" over Scuttled Submarine Deal...Calls Australian Behavior "A Stab in the Back"
France Recalls Its Ambassadors from USA and Australia...Calls Their Behavior "Unacceptable" over Scuttled Submarine Deal...Calls Australian Behavior "A Stab in the Back"
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US Bans American Banks from Purchasing Russian Sovereign Debt
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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 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.

the trend line has failed

As we back up for the bigger picture, we can see an uncertain period ahead. The channel has more room to go.

not a good picture.

$1850 is now going to come into play and it needs to hold. It's time to sit on the sidelines.

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