Gold price will keep sliding, but watch for this rebound level – Chris Vermeulen
Gold is down, at one point, 0.6% on Monday, but traders and investors alike need to understand that this really is not a big move, said Chris Vermeulen, chief market strategist at https://TheTechnicalTraders.com.
“Today, we’re just this tiny little red bar, this average, usually we see a quarter of a percent, or half a percent move in gold, and today we’re down only half a percent,” Vermeulen said.
Gold miners, which usually lead the bullion in price action, have another 10% or so of downside before prices rebound, he added.
0:00 -Short-term trading action for gold
4:50 - Gold price momentum
8:40 - Gold miners
13:03 - Key levels to watch
15:36 - Stock market "breakdown"
17:18 - Best equity market sectors
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Видео Gold price will keep sliding, but watch for this rebound level – Chris Vermeulen канала Kitco NEWS
“Today, we’re just this tiny little red bar, this average, usually we see a quarter of a percent, or half a percent move in gold, and today we’re down only half a percent,” Vermeulen said.
Gold miners, which usually lead the bullion in price action, have another 10% or so of downside before prices rebound, he added.
0:00 -Short-term trading action for gold
4:50 - Gold price momentum
8:40 - Gold miners
13:03 - Key levels to watch
15:36 - Stock market "breakdown"
17:18 - Best equity market sectors
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
For more breaking news, visit http://www.kitco.com/
Follow us on social media:
Facebook - https://www.facebook.com/KitcoNews/?ref=br_rs
Twitter - https://twitter.com/kitconewsnow
StockTwits - https://stocktwits.com/kitconews
Live gold price and charts: http://www.kitco.com/gold-price-today-usa/
Live silver price and charts: http://www.kitco.com/silver-price-today-usa/
Don’t forget to sign up for Kitco News’ Weekly Roundup – comes out every Friday to recap the hottest stories & videos of the week: https://connect.kitco.com/subscription/newsletter.html
Join the conversation @ The Kitco Forums and be part of the premier online community for precious metals investors: https://gold-forum.kitco.com/
Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
Видео Gold price will keep sliding, but watch for this rebound level – Chris Vermeulen канала Kitco NEWS
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