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Jim Wyckoff

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Gold prices trapped in a downtrend

June 28, 2023 by Jim Wyckoff

The Comex gold futures market is in a seven-week-old downtrend on the daily bar chart and the bears have the near-term technical advantage. That means the path of least resistance for prices is sideways to lower—until a technical development occurs to suggest otherwise. You’ll get those early chart clues on potential price trend changes from reading may daily market update reports. 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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