Since busting through the price highs of 2011, Gold has drifted lower from the most recent highs with some interesting candle closes below the lows of previous down candles.
Although I believe in the story for Gold (aka QE & other forms of currency debasement and derivative card houses) and the Gold price in the long term, as a trader, I cannot ignore the current price action at these levels.
I'm looking to reduce my exposure here and identify entries for possible short positions back to previous support levels around $1500.
Although I believe in the story for Gold (aka QE & other forms of currency debasement and derivative card houses) and the Gold price in the long term, as a trader, I cannot ignore the current price action at these levels.
I'm looking to reduce my exposure here and identify entries for possible short positions back to previous support levels around $1500.
Time is the only true currency...how will you spend yours and what value will you receive?