‘Calm before the storm’; brace for gold, stock markets ‘breakdown’

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Published : March 04th, 2021
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Category : Market Analysis

Both stocks and gold are showing technical chart patterns that suggest an imminent correction, said Chris Vermeulen, chief market strategist at TheTechnicalTraders.com. there are some sectors that are getting stronger, like energy and the financial sectors. Markets are still in a bull market, and gold broke out in 2019 after being in a multi-year basing formation. Chris expects the price to continue chopping around although there is strong price support for gold from the post-covid purchasing spree.

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Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and author of the book: 7 Steps to Win With Logic Through years of research, trading and helping individual traders around the world. He learned that many traders have great trading ideas, but they lack one thing, they struggle to execute trades in a systematic way for consistent results. Chris helps educate traders with a three-hour video course that can change your trading results for the better. His mission is to help his clients boost their trading performance while reducing market exposure and portfolio volatility. He has also been on the cover of AmalgaTrader Magazine, and featured in Futures Magazine, Gold-Eagle, Safe Haven,The Street, Kitco, Financial Sense, Dick Davis Investment Digest and dozens of other financial websites.
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