P. Radomski
CFA, Editor & Founder @ Sunshine Profits
Przemyslaw Radomski, CFA, is the founder, owner and the main editor of SunshineProfits.com. You can reach Przemyslaw at: http://www.sunshineprofits.com/help/contact-us/.
P. Radomski Articles
After moving higher on Friday, the gold price disappoints today. What’s going on? Which move is real?
Given how gold price is behaving recently, I’d like to start today’s analysis with the chart featuring the price of the yellow metal.
Congratulations to everyone who waited out the corrective rally. The profits in this short position are bigger than ever!
Gold moves to new monthly lows, and miners move to new yearly lows. Is this the Chinese New Year effect?
The situation in gold and gold stocks is not stagnant. Something shifted. And the implications are not minor.
Gold price rallied this week, and this got many heads turning. Rightfully so? Let’s check the details and see what really happened. Having said that, let’s take a look at gold’s rally.
What a beautiful reversal in mining stocks! What a tremendous verification! I told you that the head-and-shoulders patterns tend to be followed by verifications, and we just saw one.
So, it happened. The USD Index verified its breakout in a beautiful style. That’s really important for gold price.
Gold miners just moved to fresh 2024 lows, and we saw additional breakdowns. The decline continues, as expected.
In my Friday’s intraday Alert, I wrote that the post nonfarm-payroll rally wasn’t here to stay. It didn’t. As is always the case, it’s a good idea to check for previous analogous situations before claiming that “this move” is real or fake...
