AMEX:GLD   SPDR GOLD TRUST GOLD SHARES NPV
-28 Symmetrical triangle
-16 Week horizontal range
-With climbing rates and LIBOR OIS spike, conditions are favourable for Gold appreciation
-Much the same as XAUUSD trade idea but my more preferable choice as the ETF is more and I like the technical picture a bit more

Another week of watching Gold . Will wait for a daily break and close of the horizontal range open a position. Am remaining conservative at 30 basis points of risk at least for the establishment of this position
Again, idea not my own. A potential scenario laid out by legend, Peter Brandt's Factor service.
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