It was no surprise that gold eventually topped out around $1,200. It took so long to finally push above $1,000, so why would we expect a smooth climb even higher.
So the real question was not whether gold would go higher, but how low could it go before trying to exceed its latest highs?
In Adam’s latest video analysis of gold, he uses his obsession with ‘energy fields’ to determine the strength of its current trend. He also analyzes the divergence in MACD, so there is a lot of technical goodness packed in this video as well.
Watch video analysis of gold - Gold Catches Traders By Surprise.
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(Wealth Daily, 1/31/12)