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Gold Catches Traders by Surprise

Commodities / Gold and Silver 2010 Mar 09, 2010 - 07:52 AM GMT

By: INO

Commodities

Best Financial Markets Analysis ArticleThe 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.

Another video to watch before today's video:

Five Reasons Why Gold Will Not Make A New High This Time.
First published February 17, 2010

As always our videos are free to watch and there are no registration requirements. I would really like to hear back from you with regards to your thoughts on this video.

Your comments are welcome.

All the best,

Adam Hewison
President, INO.com
Co-creator, MarketClub

By INO.com

INO and Quote Providers furnish quotes and market analysis without responsibility for accuracy and is accepted by the site visitor on the condition that transmission or omissions shall not be made the basis for any claim, demand or cause for action. The information and data was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options..

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