We have very little to add from yesterday's commentary, gold remains in a bearish posture and is declining in an orderly fashion within a well defined downtrend channel.
It is interesting to note that, since the huge plunge on 29 February, the price of gold has barely moved and has simply whipsawed up and down, with a downward bias. We have certainly been justified with our strategy of sitting on the sidelines waiting for the next strong trend to develop.
It is interesting to note that, since the huge plunge on 29 February, the price of gold has barely moved and has simply whipsawed up and down, with a downward bias. We have certainly been justified with our strategy of sitting on the sidelines waiting for the next strong trend to develop.