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Jim Wyckoff

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Gold bears in technical control

August 17, 2023 by Jim Wyckoff

December Comex gold futures prices are in a downtrend and have just hit a five-month low. The bears have the near-term technical advantage to suggest still more downside price pressure in the near term. There are no early technical clues that a market bottom is close at hand. You’ll get those early chart clues on potential price trend changes in my daily markets reports in the afternoons. Stay tuned! Jim Wyckoff

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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There is a risk of financial loss in futures and options trading. Futures trading is neither easy nor an easy way to make money. It takes hard work to have success. Please use sound money management when trading futures. Past performance is not necessarily indicative of future results. Nothing on this website is intended to be a trading recommendation to buy or sell futures or options. All information has been obtained from sources believed to be reliable, but accuracy is not guaranteed. Readers are solely responsible for how they use the information on this website.

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