What is Price? What is behind the movement of Price? The price movement is a result of the collective perception of buyers and sellers in the market, when the collective perception changes the prices move.

Just last week, one of my traders made a case for buying spot gold. His reasoning was based mainly on technical indicators. As a price behavior trader, I like to have some “ideas” of what might happen in the markets but only make actual position decisions based on what is happening to prices at the moment. After so many years trading, I know the markets can be capricious and spiteful for those who possess the arrogance to feign understanding of its wisdom. Well, as a trader, it’s silly not to consider the possibilities. So, I decided to add some fundamental analysis to the argument of buying gold.