Gold, the start of the correction that never happened.
Hi Traders, here we have
GOLD
, it has not behaved like "most people" expected, but then yet again, most people loose money in this industry. ;)
Currently we are at the top of our descending channel, just below the 50% retracement of our all time high.
The hard fact here folks is that we never corrected either of our moves since the last financial crisis and it sure will happen before the next one. It nice when things are "overbought", but it does not last forever.
Happy Trading Folks. :)
GOLD
, it has not behaved like "most people" expected, but then yet again, most people loose money in this industry. ;) Currently we are at the top of our descending channel, just below the 50% retracement of our all time high.
The hard fact here folks is that we never corrected either of our moves since the last financial crisis and it sure will happen before the next one. It nice when things are "overbought", but it does not last forever.
Happy Trading Folks. :)
Comment:
Dump coming after the FUD is over.