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. http://www.ino.com/specials/ino/17moneymaking.html As always there is no need for registration and the video is with our compliments. Please feel free to leave us a note on this or other videos in the comments section of the blog. All the best, Adam Hewison President of INO.com Co-founder of MarketClub
