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
***
Hungary and Poland Set to Veto EU 7-year Budget
Hungary and Poland Set to Veto EU 7-year Budget
***
UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
UK Appeals Court Overturns Judgement recognizing Venezuela's Opposition - - Opens Pathway for Repatriation of UK Held Gold
***
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 Update

Is Gold Getting Ready for a Washout?

November 19, 2020 - (Gold Market Wire) - The failure of Gold to extend the early week rally is raising concerns that the critical $1850 is about to give way, prompting a significant sell-off. We are on the sidelines fully now, and awaiting the chance to get short. The rally we looked for has failed - completely, and $1850 is about to come under attack, we feel. This is a bearish set-up of some significance. Wild eyed gamblers should stand by and get ready to run short. Regular traders can spec short, and investors should neutralize length and stand aside if they can.

The market is weak - and prone to a sharp move lower. All eyes are on $1850.

< Previous articleHome pageNext article >
<- Go Back