Chart of the Day – $XAU Regression to the Mean

Jon Economy, Government, Market Commentary

Regression to the mean. There is one universal law in this business and it never never gets broken. Price always regresses to the mean. This one is like death and taxes. It is never violated. And the further price stretches in one direction the harder it moves back once the trend comes to an end.

This post was published at GoldSeek on Sunday, 1 May 2016.