There’s a saying in the trading world: professionals buy pullbacks and sell rallies, while novices buy breakouts and sell breakdowns. Mike Matousek, head trader at U.S. Global Investors, discusses this idea and applies it to the gold price, which is resting near the midpoint of the five-year range. Through a series of charts, Mike shows the current gold price trend and explains what it means for both short- and long-term traders.
For Mike’s full explanation, watch the video below!
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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.
U.S. Global Investors, Inc. is an investment adviser registered with the Securities and Exchange Commission ("SEC"). This does not mean that we are sponsored, recommended, or approved by the SEC, or that our abilities or qualifications in any respect have been passed upon by the SEC or any officer of the SEC.
This commentary should not be considered a solicitation or offering of any investment product.
Certain materials in this commentary may contain dated information. The information provided was current at the time of publication.
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