{"id":14250,"date":"2010-10-20T12:33:09","date_gmt":"2010-10-20T16:33:09","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=14250"},"modified":"2010-10-20T12:33:09","modified_gmt":"2010-10-20T16:33:09","slug":"the-1-reason-why-gold-collapsed","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/20\/the-1-reason-why-gold-collapsed\/","title":{"rendered":"The #1 Reason Why Gold Collapsed"},"content":{"rendered":"

By Adam Hewison<\/strong> – Following the gold market as we do here at MarketClub, it was amazing that nobody, and I mean nobody, was bearish on this market. This always creates a problem as the markets tend to reverse when everyone is on one side and there’s no one else left to buy.<\/p>\n

Another tip-off was on Fox Business News and also on CNBC indicating that gold was going to hit $1400 almost immediately. Well after Tuesday, we know what was to happen to the price of gold. If gold were so strong, should it really have gone down almost $70 in 4 days?<\/p>\n

This is where technical analysis and Japanese candlestick charts really shine in my opinion. What happened in gold was a classic candlestick formation that any trader, whether they trade gold or other markets, should be aware of.<\/p>\n

In this short video, I illustrate how this formation occurred and how it was confirmed the next day – and I don’t mean on Tuesday.<\/p>\n

I also have a free candlestick book that I’m making available along with this video, be sure to stay tuned at the end of the video or visit:<\/p>\n

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Want Adam’s Professional Trading Course? Click here for FREE lessons.<\/a><\/span><\/p>\n<\/div>\n

All the best,
\nAdam Hewison
\nPresident of INO.com
\nCo-founder of MarketClub<\/p>\n","protected":false},"excerpt":{"rendered":"

By Adam Hewison – Following the gold market as we do here at MarketClub, it was amazing that nobody, and I mean nobody, was bearish on this market. This always creates a problem as the markets tend to reverse when everyone is on one side and there’s no one else left to buy. Another tip-off … <\/p>\n

Continue reading “The #1 Reason Why Gold Collapsed”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-14250","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=14250"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14250\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=14250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=14250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=14250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}