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Jul 30, 2009

What happened to the Gold market? By Adam Hewison

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


Dear Friends:

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,

Adam Hewison
Co-Creator, MarketClub