News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
Russia Envisions "Final Destruction of Russian-Norwegian Relations" over Arctic
Russia Envisions "Final Destruction of Russian-Norwegian Relations" over Arctic
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GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
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*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Is Gold Heading Back into the Channel?

Gold is struggling to stay above the channel it has formed since the beginning of the year. The chart shows us the battle lines clearly. Either Gold moves up and away, or it is going to drift lower.

...barely keeping its head above the new water line

Its getting close to the showdown for Gold. Either it moves decisively above $1647.50, or a trip back into the channel, and lower prices, awaits.

Here's a closer look - zoomed in.

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