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DAVID BRADY: WE ARE SETTING UP FOR ANOTHER BULLISH MOVE FOR GOLD (AUDIO)

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DAVID BRADY: WE ARE SETTING UP FOR ANOTHER BULLISH MOVE FOR GOLD (AUDIO)

 

 

 

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David looks back at the last rally for gold and discusses how the $300 move became overbought from a technical perspective. That rally has only corrected by a third, which is a good sign of a bull market. He expects that there will be a lower low soon, and then we should be off to higher highs.

 

He uses a more holistic approach to market analysis and follows numerous signals looking for extremes like sentiment, which together reveal a market direction. David examines what led to significant turning points and then looks for similar patterns today. He says, “Being a contrarian can be quite profitable. When people get exuberant, markets tend to overcorrect.

 

Courtesy of Palisade Radio

 

 

 

Posted December 18, 2019

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