Short-term GOLD Triggers & Bitcoin Special . . .
GOLD is at a pivot point again . . .
The Gold Market is poised for Action . . . but, which action should we look for?
Gold has recovered almost all of it's losses from the high in June, so, we're at a top area which predominantly favors SELLING as the position to take.
A wise trader should watch for clues in BOTH directions; up and down.
On the chart above, I've shown that the green line above the present price is where a Closing Price would be a strong assertion that prices would go even higher with another surge.
The red line below the present lows is where we should watch for a confirmation of further weakness in GOLD prices. Should price CLOSE below this red line, at least a short-term downswing should be expected to come into play in this market. - George
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