Bullion Market Bears Are Roaring!

Welcome to Commodity Trading Research Your premier site for fundamental and

technical analysis for profitable Commodity Trading. For more info on Commodity Trading Research visit our

website

www.CommodityTradingResearch.com

Hi, My name is Justin and I‘m with Commodity Trading Research, today were reviewing our recently published article…

Bullion Market Bears Are Roaring!

Bullion Market Bears Are Taking Over!

Something very interesting is happening in gold…

The yellow metal saw remarkably heavy selling over the past two trading sessions

that took it to new multi-year lows near $1,100 an ounce.

Clearly, the downturn is not what gold bullion market bulls were hoping for this

Summer.

And to make matters worse, an extremely important technical support level has now

been broken.

Let me show you what I mean…

As you can see, gold just fell firmly below $1,150 an ounce (red line), which werethe swing lows set in late 2014 and early 2015.

With that level now in the rear view mirror, it’s highly likely gold experiences

additional losses in coming weeks.

Keep in mind, I mentioned the likelihood of gold dropping below $1,150 was growing quite high not long ago.

How low could the yellow metal go from here?

Let’s look to another chart…

From this weekly chart you can see gold’s next major areas of support is at $1,050

(top red line) and the psychologically important $1,000 zone (bottom red line).

Given the abruptness of the recent selloff along with the fact there is little

fundamental reason to own gold (at least in the short-term), I wouldn’t be surprised

to see the metal at $1,000 by the end of this quarter.

How do you capitalize on additional downside in gold?

I supplied Commodity Trading Research readers with a free list of the best gold

ETFs a whileback.

As you’ll see in that article, there are two leveraged inverse gold ETFs designed to

rally as the price of gold falls.

Traded correctly, those products are capable of giving you outsized returns on

another gold downturn.

But here’s the caveat…

All the inverse leveraged gold funds currently available are thinly traded. As a result, they can be a bit on the tricky side to enter and exit efficiently. With that in

mind, these ETFs are best left to experienced traders!

Want More from Commodity Trading Research.com?

Follow us on Social Media

Want more FREE information on Commodity Trading?

Commodity Trading Research.com

Get Your FREE Report Now

The 3 BEST Commodity Stocks for 2015 Trading Success!

CLICK HERE

READ THIS FREE REPORT!