Gold Catches Traders by Surprise
| March 10, 2010 | Posted by admin under Intro to Trading, Stock Market Analysis, Swing Trading Ideas, Techncial Analysis Tutorials |
This was actually posted by Adam yesterday, so I am a little late in getting it to you, but it is still a valuable look at the current state of Gold.
Cheers,
Cory Mitchell, CMT
The move down in gold yesterday surprised many traders and flashed an exit signal based on MarketClub’s daily “Trade Triangle” technology. As we have mentioned before, we felt that gold was in a broad trading range and were not optimistic that it would shoot higher.
The action yesterday confirms that we have more of a two-way market. I expect we’ll see further selling on any rallies from this level.
In today’s video, I share with you some thoughts I have on gold based on one important element: how gold energy fields propel this market.
http://www.ino.com/info/533/CD3784/&dp=0&l=0&campaignid=3
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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