Watch this gold collapse video by Adam Hewison. Gold is again on the move, up, up and then down! This is the way markets trend never moving in straight lines and always doing the unexpected. This new Gold Trading Video goes into the recent collapse of Gold. After watching the video you can get the 17 Money Making CandleStick formations, including the bearish engulfing formation which presented itself in the gold market. Be sure to check out the video when you have a minute. It’s been a while since Adam made a video and its great educational material so be sure to get it out asap and reap the benefits! I hope you had a great weekend. Adam just arrived home from China and jumped back into the Digital Den to make a new video. Like most traders he has been keeping a close eye on gold. All I can say after watching this video is it’s amazing what a difference a week can make!
The #1 Reason Why Gold Collapsed
Adam Hewison, President of INO.com, Co-founder of MarketClub: Following the gold market as we do here at MarketClub, it was amazing that nobody, and I mean nobody, was bearish on this market. This always creates a problem as the markets tend to reverse when everyone is on one side and there’s no one else left to buy. Another tip-off was on Fox Business News and also on CNBC indicating that gold was going to hit $1400 almost immediately. Well after Tuesday, we know what was to happen to the price of gold. If gold were so strong, should it really have gone down almost $70 in 4 days?
This is where technical analysis and Japanese candlestick charts really shine in my opinion. What happened in gold was a classic candlestick formation that any trader, whether they trade gold or other markets, should be aware of. In this short video, I illustrate how this formation occurred and how it was confirmed the next day – and I don’t mean on Tuesday. I also have a free candlestick book that I’m making available along with this video, be sure to stay tuned at the end of the video. As always there is no need for registration and the video is with our compliments.
Last week everyone was cheering as gold and other commodity markets were making new highs. This week however, things have changed as everyone seemed to want to jump through the same door, at the same time, putting a great deal of downside pressure on many markets. This phenomenon sometimes happens when people have multiple positions in multiple markets in the same direction. When they start to take profits, there is no one left to buy.
In today’s short video on gold trading, we show one of the clues that was given by this market all the way back in May of this year. The video runs about 4 minutes and will give you a very good idea of exactly what I’m talking about. As you know, we took profits on a 52-week rule on Tuesday around the $1,416 level and we also exited with a daily “Trade Triangle” signal on Friday at the $1,382 level. I think traders of all skill levels will get a lot out of this short gold trading video.