quantguy

Top Gold Trading Strategies

Long
COMEX:GC1!   Gold Futures
Gold has taken its first sustained dip, and this is the first time in over a week we may be able to pick up some at less than $2000. This still seems to be a retracement into the overall bull trend. It appears we finally have seen the corrective wave of the 5-3 Elliott Wave. The Kovach OBV has dipped, but only slightly, indicating the bull trend is still there. Current levels look like good areas to buy. The next level of support is 1973.

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