GOLD ALERT: Daily "Trade Triangle" signaled an enter long gold position today at $1,241.85. Spot gold is currently trading at $1,246.35. Intermediate and long-term traders remain long gold.
Tag: Fibonacci
Short-term traders should be out of gold …
GOLD ALERT: We were stopped out of gold yesterday (8/30) at $1,233.35. Spot gold is currently trading at $1,235.20.
Why weekly charts work
Many traders get so involved with the market on a daily or even an intraday basis, that they somehow lose out on the bigger picture. Weekly charts are enormously helpful in giving clues to the future direction of the market.
In today's video we examine one of the biggest markets in the world, the S&P 500, using a weekly chart. The video runs about two minutes in
length and I think you will find it both educational and informative.
As always our videos are free to watch and there are no registration
requirements.
Enjoy the video and be sure to comment on our blog.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub
Gold Alert!
Buy Gold (FOREX_XAUUSDO) Long Position on a Daily Trade Triangle @ 1,232.39
Place Your Gold Stops Here ...
GOLD ALERT: We are moving our gold stops up to $1,222.10 today basis spot gold. Spot gold is currently trading at $1,224.60. This will lock in a $12 profit on the earlier alert we showed you on this blog.
