Articles
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Gold Update !!
We ended our Nov 25th gold update with the following statement: “For now, gold’s daily, weekly and monthly charts remain ‘bearish’ and we will continue to look for more aggressive trading opportunities on the ‘Sell side’ of this market.”
At the time of our Nov 25th update, February gold was trading around the 1070.00/1080.00 price range and - 5 trading days later- February gold traded down to 1045.40; – or another new low for the on-going correction following the September 2011 high (1920.80). However, Feb gold is trading today at 1070.00 and could be setting up for a rally (between now and the first week of January 2016) back up to test the 1100.00 price area (see charts below):
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