Why Buy the Dip and Sell the Rally?

There’s a saying in the trading world: professionals buy pullbacks and sell rallies, while novices buy breakouts and sell breakdowns. Mike Matousek, head trader at U.S. Global Investors, discusses this idea and applies it to the gold price, which is resting near the midpoint of the five-year range. Through a series of charts, Mike shows the current gold price trend and explains what it means for both short- and long-term traders.

For Mike’s full explanation, watch the video below!

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All opinions expressed and data provided are subject to change without notice. Some of these opinions may not be appropriate to every investor.