Tag: Gold analysis

Our short-term Daily "Trade Triangles" signaled an exit today at $1,150. 30. For short-term traders, we are now on the sidelines after taking a $17 profit out of this market. We are looking to re-enter this market from the long side when a new green Daily "Trade Triangle" kicks in.

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The bull market inched higher during Sunday night trading, subsequently pushing gold to its best levels since December of last year. The sudden move down on Monday was a reminder that the 1160 area is an area of resistance for this precious metal.

In this new video on gold, I'll show you some of the indicators that you may want to look at in this market.

As always, our videos are free to watch and there are no registration requirements, but we please share your thoughts on gold in our comments section below.

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub

Gold has had some dramatic moves in the last eighteen months and we expect it will have some equally dramatic moves in the future, but not right now.

While I recognize that gold is one of the few commodity markets that people are really passionate about; the purpose of this article is not to take sides either with the gold bugs or those who reject the argument that gold is forever.  Rather, I want to discuss my interpretation of the markets cycle.

Watch this weeks gold video.

Continue reading "Why gold will not make new highs or lows this year" →

Weekly "Trade Triangles" gave a sell short entry signal today at $1,098.24.80 basis spot gold. The MarketClub Trade Triangle technology is showing a -60 reading indicating a choppy market.