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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.
As we back up for the bigger picture, we can see an uncertain period ahead. The channel has more room to go.
$1850 is now going to come into play and it needs to hold. It's time to sit on the sidelines.