Gold issues another sell signal
Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.
Gold futures fell today (1/25) along with silver and high grade copper.
This move lower gives me a sell signal on the daily chart for February gold. I don't want to sound like a broken record but this is the third sell signal I've seen since the trend changed to the downside on January 11th.
Gold has also confirmed to me that it is in a longer-term downtrend.
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Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.
