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
Intro to Trading, Market(s) Analysis, Swing Trading Ideas, Techncial Analysis Tutorials | admin | March 10, 2010 |
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Gold closed in on 1100 today, accelerating to the upside. This video takes a look at where gold has been, where a particular strategy would have provided entries and exits and of course where gold is expected to go. As always the video is informative and educational.
Keep in mind that for those who do not trade commodities, Gold can be traded in alternative ways such as through a Gold ETF like GLD. That means being informed about Gold can provide opportunities to all traders, and not just commodity traders. Stock traders can use the information to trade the Gold related ETFs (exchange traded funds), forex traders can use the data due to the relationship between Gold and the US dollar, and commodity traders can use it to trade the commodity itself. Here is the video:
Gold Separates and Accelerates
http://www.ino.com/info/474/CD3784/&dp=0&l=0&campaignid=3
Enjoy,
Cory Mitchell, CMT
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http://www.ino.com/info/447/CD3784/&dp=0&l=0&campaignid=6
In today’s video we’ll be looking at gold.
After a spectacular run-up in gold values in the last decade, gold prices have slowed down and have entered into a broad trading a range. In today’s video I will be looking at what are the likely scenarios that come out of this 14 month trading range.
This week (starting 7/20) could be enormously important for the yellow metal as a key level is within striking distance which will kick this market into action. In this video I give you a specific level that I am watching personally in this market.
http://www.ino.com/info/406/CD3784/&dp=0&l=0&campaignid=3
All the best,
Cory Mitchell, CMT
Chief Market Strategist
P.S. WANT MORE? How about 4 free online seminars:
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