How I’m playing the next big move in Gold
Gold is presently mired in a downward trend channel since the April contract
(GC J6) topped out near 579.50, and subsequently pulled back around $40 an ounce
to the spot of last years December high. In the last year, gold has been able to
use these inflection points to define itself and then emerge to the upside
again. It is with that said, that a strategy of phasing in and waiting for
confirmation may allow you to profit without taking on any undo risk. Right now
the weekly chart on gold is still in a robust uptrend, while the daily is
sitting below it’s shorter term moving averages. I think a key moment for gold
will be how and when it…READ
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