So as we take a look at the gold market, the bigger question is: Is the market going to head down to the 18-week moving average? Or is this getting low enough for at any point or in this last $40-50 or so, the market doesn't reach down? That is the question I think you're going to have to ask. Obviously, if you crack through these levels, the $2300, I think you can get down to that moving average I just showed. Trend down or is it? Not really.
You've got the pattern of lower highs, you suddenly have higher lows. So I see a market that is starting to come in here. The market battleground is pretty evident to me – it's the 18-day average at $2351. Moving averages below the market are far away at this point. So the major support's probably going to be $2310...
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LINN & Associates
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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