If you’re trading gold, watch this chart

Everyone is watching this crucial gold chart with bated breath, says John C Burford. If the support line is broken, who knows how far gold will plummet?

Let's stick with gold. I get a lot of feedback from readers about gold and right now it's throwing up some thrilling moves.

Gold continues to be swung around by the intensifying battle between the two major opposing forces: debt deflation vs currency printing. So you can expect to see these big moves continue and some great trading opportunities too!

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John is is a British-born lapsed PhD physicist, who previously worked for Nasa on the Mars exploration team. He is a former commodity trading advisor with the US Commodities Futures Trading Commission, and worked in a boutique futures house in California in the 1980s.

 

He was a partner in one of the first futures newsletter advisory services, based in Washington DC, specialising in pork bellies and currencies. John is primarily a chart-reading trader, having cut his trading teeth in the days before PCs.

 

As well as his work in the financial world, he has launched, run and sold several 'real' businesses producing 'real' products.