The Gold has declined $50 in a dramatic fallout from
above $1300 level, which we saw early October. It did so in a few hours window only.
If the $1250 support is taken out the next stop for the yellow metal could be
$1200. All of that is telling us that there could be a great opportunity to
make money on these firm moves. However, before we even start to think about a
trade, we need to get familiar with factors that could influence the price of Gold.
If we understand the fundamentals behind the moves we can much easier recognise
the situations when the technical view and fundamental factors point to the
same direction.
Learn more about the gold fundaments and prepare for the next big move. Download our report on the 5 Ultimate Gold Factors which is available for free until the end of October 2016:
- THE 5 ULTIMATE GOLD FACTORS -
DOWNLOAD
You can also watch our long term technical analyses on Gold
from our trader and financial technician Mr Price Action : Video
Don't forget to always watch your risk and be consistent!
Mr. Tech Man
DISCLAIMER:
This material was created for informational purposes only and represents the
Land of Trading team’s view of the past and current economic and capital market
environment. It is not an investment advice and should not be viewed that way
at all, and the creators of this material cannot be held liable for any
potential losses resulting from trading, where despite this disclaimer someone
would consider this material as an investment advice. Contact:
landoftradingATgmailDOTcom, Blog: landoftrading.blogspot.com. All rights
reserved ©2016.
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