A lot of traders and investors are asking the question: Sometimes, by looking at the past, we can find some clues as to what might happen during similar situations in the present. Charts compliments of www.

The green arrows point to the spots where I now expect this correction to find near-term support. A good time to sell is when this chart shows a wide divergence from the DMA.

Gold’s – What is Really Bothering the Gold Market? |

The next chart takes a closer look. Featured is a close-up of the previous chart.

Looking Back to the Crash of | Gold Stock Bull

Gold initially rose in price, then dropped. Featured is the current gold price chart. The RSI and MACD indicators both have room to move up, along with the gold price. Some of the damage to the bullish case for gold has been caused by central bank selling during the past few weeks.

Black Monday Stock Market Crash Real Secrets for Successful Trading :: The Market Oracle ::

The positive aspect is that they can only sell it once. They finally gave up. Think of those investors in Zimbabwe who have to shell out 3 million Zimbabwean dollars just to buy a gram of gold!

Better buy your gold now, for the higher the price goes, the more difficult it will be to obtain the increasing amount of cash that will be required, and the more restrictions the buyer will face. Every year the US Federal government publishes 76, pages of new regulations.

Some of these regulations will no doubt relate to gold. We finish this essay with the current XAU, two year, mining stocks chart. Most breakouts are tested right after the breakout. It is currently just above the support of the 50DMA and DMA.

These two moving averages are in positive alignment, and both are rising. We should soon be able to spot signs that the bottom is in, and the next rise can then take place. Please do your own due diligence.

I am NOT responsible for your trading decisions. Peter Degraaf is an on-line stock trader, with 50 years of investing experience.

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For a 60 day free trial, send him an Email at ITISWELL COGECO. CA , or visit his website: By Jason Hamlin T Share This Story, Choose Your Platform!

Jason Hamlin is the founder of Gold Stock Bull and has been investing in precious metals for over 20 years. He launched Gold Stock Bull in and turned his focus from helping fortune companies to helping individual investors.

Jason is a student of Austrian economics and a proponent of cryptocurrencies such as bitcoin and ethereum. Email Address First Name Submit.

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