Wednesday, March 24, 2021

#Gold Review $GLD #GC_F

Gold Review
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

Gold's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

Subscriber Comments

The chatter circulating around trading desks is that gold has bottomed. The Evolution of the Trade's response can only be, "does it matter?" The important question is not whether price has bottomed but rather has the bearish energy flipped? Gold might hold above the recent low, but the rally isn’t likely to organize until the bearish energy build completely dissipates. Gold has been working on this for months.

Everyone rushing to call a bottom is missing the point. The setup is still all wrong!

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