I think it came as a big surprise to many traders that the gold market imploded on Tuesday pushing to its lowest levels in several days.
Fernando Guzmán Cavero
FGC BOLSA - FGC FINANCIAL MARKETS
The downward spiral was enough to trigger a daily “Trade Triangle” which moved us into the neutral camp on this market. Exiting our long gold position based on our “Trade Triangle” signals produced a very small profit or in some cases of break even trade.
So the question is: Is the sharp downward move in gold over?
In my new video I answer that question and share with you some levels I think gold will go to on the downside. I also share with you that we could be setting up for it excellent buying opportunity, if and when our “Trade Triangles” are aligned.
If you have a few minutes I strongly recommend that you take the time to watch this gold video.
All the best,