Gold Catches Traders By Surprise
Here's Market Club's latest free video: Gold Catches Traders By Surprise.
Market Club does a great job keeping up to date and providing educational videos on various trading markets.
The free video analysis on Gold takes a look at a few technical signals as well as chart patterns leading up to the current levels.
In addition, the video provides some useful information on how to read and interpret their Trade Triangle technology using their analysis of Gold.
It's interesting to see how for the last few months the markets have moved basically sideways/down. This coincides with the unexpected by many, comeback of the U.S. Dollar.
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.
All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub
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