Austin, TX (PRWEB) April 22, 2013
Absolute Wealth, the industry leading financial advisory company, has issued its newest op-ed article from Managing Editor David K. Miller. The piece focuses on gold’s recent performance in the markets, and helps traders understand what could be happening in the near future.
“As I'd been pointing out for a few weeks, Gold really needed to stay above 1,550 to have a shot at a rally,” wrote Miller. “Now that this past week the bears mauled the Gold market with an overwhelming glut of sell orders, the bulls are going to have to defend 1,400, and perhaps 1,200.”
The same principle applies to the overall markets, Miller explained. “Just like in Gold, the bulls need to defend the lows for this year. I am expecting a run back at the highs but I've drawn a channel that defines the sideways market conditions I anticipate we'll have in the next few weeks. Keep your eye on the support and resistance levels I've drawn in both markets because as we've seen, big moves can happen quickly when important levels are crossed.”
David K. Miller is an investment and financial expert who writes, analyzes, and advises as Managing Editor of Absolute Wealth. His experience as a professional trader has led to a vast knowledge of modern techniques and strategies, and many of the programs, Special Reports, and other features from Absolute Wealth and the Independent Wealth Alliance originated from Miller, or included his input in one form or another.
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