The move down in gold yesterday surprised many traders and flashed an exit signal based on MarketClub's daily "Trade Triangle" technology. As we have mentioned before, we felt that gold was in a broad trading range and were not optimistic that it would shoot higher.
The action yesterday confirms that we have more of a two way market. We expect we'll see further selling on any rallies from this level.
Just click here to watch today's video, where we'll share with you some thoughts we have on gold based on one important element: how gold energy fields propel this market.
Please feel free to leave a comment letting us know what you think of the video and the direction of this gold market.
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