GOLD 0.51% $1,391.7 gold futures

Buying weakness and selling strength has got nothing to do with...

  1. 10,152 Posts.
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    Buying weakness and selling strength has got nothing to do with picking tops and bottoms.
    It means exactly what it says.
    When an entity is below its value line and the technicals confirm it then it should be bought and the weaker it gets the more it should be bought.
    When it gets above its value line and the technicals confirm it then it should be sold into.
    The price that gold goes to in the near future is irrelevant (unless your a bullion trader looking to buy) because up to date the gold price has been confirmed as artificial.
    There is no guarantee that the artificial nature of this price will continue to be confirmed but by the metrics that I follow the chances are that a reversal is coming and soon.
    Its all about understanding value and technicals which would appear to be beyond some punters.
 
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