Pierce Wellington

Pierce Wellington is the Senior Technical Analyst and head trading consultant at BuyGoldPrice.com. After making unwise decisions early in his trading career, he developed a passion for Education, Technical Analysis and Trading Discipline. He has successfully traded the Gold and Silver markets for over a decade and is currently pursuing the esteemed Chartered Market Technician (CMT) designation, which he hopes to complete in 2016.

Articles by Pierce Wellington

The price of gold made a weekly reversal candle and closed above the 10-Week average. It appears to be setting up a move higher over the next 4-6 weeks likely targeting the $1,300 level.
Today we completed step one in the possible rollover scenario, with price making a confirmed high. Before we get too excited charts make confirmed highs/lows all the time, it just one step in a potential trend change or correction. The...
The ADP employment numbers released Wednesday were weak indicating a slowing in the economy, and commodities rallied under the assumption that the Fed will delay rate hikes. Friday the Non-farm payroll numbers came in at only 126,000 jobs...
The articles we wrote last week called for a critical week in Gold and that either a bottom would form or a capitulation phase might begin. Our service uses a combination of Technical and Cycle Analysis to time and call markets. Over the...
As stated in part 2, either Gold would bottom this week or begin a sharp move lower, both outcomes hinged upon the Fed decision. The statement they released dampened expectations of an interest rate hike coming sooner rather than later,...
Will Gold Bottom this week or will a capitulation phase begin? We covered capitulation in part 1 (Gold: A critical crossroads this week) of our three-part editorial series. In this part we will discuss how a low may very well arrive this...
The precious metals markets are at yet another inflection point and as usual there are several different directions they could take. As a trader, it’s imperative to keep an open mind and not to get attached to a particular conclusion or...
The Jobs numbers on Friday (3/6/15) created a large down day for gold. Consequently, we thought it necessary to update readers to our current views regarding gold prices in 2015. Below we give three possible scenarios as far as timing and...
Both the Gold and Silver markets keep traders on their toes by producing fake or false moves occasionally. They present enough evidence that price will move a certain direction only to reverse after several investors were committed to a...
Technically speaking, today we have a confirmed low in gold price. It happened on the 35th trading day of this Common Cycle. Though 35-days is well beyond our average of 20-30 days, it still meets the rules. Over the past decade, I’ve...

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The volume of all the gold ever mined can occupy a cube 63 feet on each side.