It doesn't feel like it, I know, but on a weekly chart, the market is up 0.11%. The market has come down and we have this pattern here, where if it leaks from here, then the market goes to another level and probably, you could end up back here into that support zone if this whole area (which is really bordered by from here, let's call it from that right there) you see that $2300 zone? That's what you're fighting with.
The market has a pattern of lower highs and lower lows bearish. The market has been fighting the battle at the 18-day average of closes, which is where I view the resistance at. Any move now, over and above on a close especially $2387.5 would be a pretty good indicator that gold is trying to find its footing here to stop these declines.
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Over the past 35-years Ira Epstein has developed a reputation for providing clients with easy to use technology and teaching good old fashioned trading know-how. A number of our brokers have over 30-years trading experience. No matter how technology changes the methods of entering orders, there's no replacement for having "been there and done that before". It's the blend of services that brings things together.
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Ira began in the futures markets in 1969. Over the years he worked his way up, starting from the ground up as a "floor runner" culminating with his becoming a Floor Trader. In the mid 1970s Ira decided to make a career shift within the industry to develop both retail and commercial based clientele. His customer base grew to the point whereby in 1984 he founded "Ira Epstein & Company", a trading firm specializing in retail, commercial and self-directed discount futures trading. Along the way Ira became a leader in trading technology out of necessity, due to increased small lot trade volume. He was among the first to embrace the Internet, which as you know has dramatically changed both the way information is delivered and how trading takes place today.
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