Dominate Your Market
by Jim Wyckoff
The gold market has fallen victim to sideways and choppy summertime trading conditions. The bulls and bears are struggling for control, with neither gaining much ground. See the support and resistance lines on the chart. The direction in which gold prices break out of that trading range is very likely to be the direction of the next significant trending price move. Stay tuned!
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.