Welcome to the video update for Monday, Sept. 14th. First chart up is the weekly gold chart and watch Trader Rick determine overhead resistance points based on fib extensions. Friday’s close in gold was the highest since early 2009. Daily chart shows price breaking out of a triangle. In crude, price put in an inside […]…
Welcome to the video update for Thursday, Sept 10. Trader Rick reviews the gold daily chart and the fib extensions that were discussed in last weekend’s video update. If price pulls back look for support in the 970 area with initial support just below 987. Price is coming out of a triangle and that can […]…
Welcome to the video update for Tuesday. Hope you enjoyed the 3 day weekend in the U.S. With the breakout in gold this past week, Trader Rick starts with the daily continuation chart showing a large triangle. So what are overhead targets if price continues climbing? See the minor and major fib extension targets in […]…
Here is today’s video update! Remember, the employment report is released at 8:30am est and the markets are closed Monday, September the 7th for Labor Day in the US. No working on labor day! First chart up is the weekly Canada and Trader Rick shows price is approaching a level of possible significant resistance. See […]…