Adam Hewison, of MarketClub, a seasoned Chicago trader, shares his thoughts on gold in his latest trading video.
The move down in gold yesterday surprised many traders, March 9, and flashed an exit signal.
As we have mentioned before, we felt that gold was in a broad trading range and were not optimistic that it would shoot higher.
This week's action confirms that we have more of a two-way market. I expect we'll see further selling on any rallies from this level.
In today's video, I share with you some thoughts I have on gold based on one important element: how gold energy fields propel this market.
Click here on the image below to watch the video:
You should watch this earlier video, Making Sense of Today's Gold Market before watching today's, for more background in to what Hewison is talking about.
You should also watch Energy Fields in Gold and How to Trade Them for a primer.
