Gold Price Just Can't Seem to Breakout :: The Market Oracle ::
Confirmed, unconfirmed, verified, and invalidated: breakouts and breakdowns are now ubiquitous. And the implications are bearish for gold. Let’s start today’s analysis with a discussion of the key market that everyone is interested in – gold. Gold’s Failed Breakout – A Sell Sign In short, gold just invalidated its small breakout above the declining blue resistance line. The previous breakout was small and thus it required a confirmation. It never got one, and instead gold plunged, invalidating the move. This is yet another sell sign that we saw. It also serves as further ...
Source: marketoracle.co.uk