Listen, you know I’m not the biggest fan of gold, but there are short term trades to be made off the various fluctuations of the commodity (i.e. if gold goes higher, some stock will benefit and vice versa).
While in my head I can’t approve of gold, the bottom line is that the technicals say otherwise.
Basically, in this video we’ll be looking at a some support and resistance that have lined up for gold and what are some of the potential outcomes that could develop. Now we’re not saying the move in gold is over or continuing, but rather we seem to be at a crossroads and a confirmation for one way should be evident soon enough.
View video - Has the Gold Market Topped Out?
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