Gold: Resistance Is...Finite
How many more times will it bounce off $2000?
The human mind likes big round numbers. Which is why, when a tradable asset is rising, sell orders tend to cluster in predictable spots. The frequent result is a repeating pattern of strong gains running into waves of selling that knock the price back down. Traders refer to this as “resistance,” and it’s maddening for long-and-strong investors who just …