News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
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*** GOLD MARKET WIRE ... GOLD MARKET WIRE ***
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US Bans American Banks from Purchasing Russian Sovereign Debt
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

Market Moves to First Fibonacci Retracement

February 28, 2020 (Gold Market Wire) - We've moved right to the first Fibonacci retracement level that we identified on Wednesday, and now we are hanging out there. This is what the Fibs can do.. show you what the magnet is, and where things might pause. Moreover, if the market crashes through the line... it often means it's time to look at the next one.

Here's the chart:

it might sound funny...but don't deride what works!

www.goldmarketwire.com

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