Auguraltrader

Gold on the phase III rally

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
A month ago, gold started a rally after some consolidation. For the month of January, it was consolidating, and...
TODAY is the breakout for the major leg to 1800.

Technicals are favorable again, with MACD crossing up.
Gold just broke out of a triangle too.
There is much fear and equity markets are way overextended.
It’s about time for gold to shine yet again.

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