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Video: Don’t Miss the Next Huge Move in Gold!

Summary:
Gold was performing phenomenally in the past several months but can it keep running to the upside? In the present video, Mike Swartz provides his take on the matter. To answer the question, he uses technical analysis. Specifically, Fibonacci retracements and Fibonacci extensions. Currently on the daily chart, gold has lower highs and higher lows, creating a wedge. But if prices break to the downside, a significant move further down is possible. If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below. © Commodity Inspector for Commodity Blog, 2020. | Permalink | No comment | Add to del.icio.us Post tags: Feed enhanced by Better Feed from

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Gold was performing phenomenally in the past several months but can it keep running to the upside? In the present video, Mike Swartz provides his take on the matter. To answer the question, he uses technical analysis. Specifically, Fibonacci retracements and Fibonacci extensions. Currently on the daily chart, gold has lower highs and higher lows, creating a wedge. But if prices break to the downside, a significant move further down is possible.

If you found this video useful and want to see more videos like this one or if you want to see a commodity trading video on some other topic, please leave your response using the form below.


Commodity Blog, 2020. | Permalink | No comment | Add to

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Vladimir Vyun
Vladimir is an online journalist with background in computer science and work experience in pension funds. He contributes news reports, fundamental analysis and sentiment forecasts to TopForexNews.com and CommodityBlog.com. His main specialization is the currencies of emerging economies and inter-market correlations with commodity and bond trading.

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