The well defined, orderly down trend in gold continues, with the bottom of the channel now at 1590 and the top at 1665.
We remain on the sidelines until we see either signs of a bottom or a breakout of the upper resistance line of the downtrend channel.
Patience is a virtue in this type of market, sitting on the sidelines is the best place to be as the market oscillates higher and lower within the channel.
We remain on the sidelines until we see either signs of a bottom or a breakout of the upper resistance line of the downtrend channel.
Patience is a virtue in this type of market, sitting on the sidelines is the best place to be as the market oscillates higher and lower within the channel.