“Heard a Lot About GOLD Lately? Beware!”
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Too Many Voices All Saying The Same Thing is the Tip-off
When all the same 'experts' who have historically been wrong over the years all come into agreement about a market, WATCH OUT!
This is what's happening right now in the GOLD & Silver Markets.
The Second Step: Let's See What The Price Chart Tells Us . . .
GOLD has made an impressive upswing over the last two months. Enough so, that it's gathered a lot of attention from the mass financial media and gold bug crowd.
Of course, the gold bugs should be discounted as a reliable source about anything dealing with Gold as they've been bullish on the metal for the last 20-Years and more! A stopped clock is still accurate twice a day, and, so it can be with their eternal bullish stance. They had to be right sometime!
Back to our above chart; price has broken the monthly uptrend that was in progress and, although prices haven't broken the re-tracement percentage yet, Gold is poised at a price point that bears watching for . . . wait for it . . . a Downswing in prices, not an upswing.
Watch the red downwards arrow. If prices go back up and close above the red line, then, you can breathe a little easier if you're long Gold. However, Watch out if we break the lows of the last two weeks. There's room for more downside price movement if that occurs.
Be Aware of this downside price possibility as no one else is warning about this at the moment. - Good Trading. - George