Definitely looks like a break out, though volume is a tad underwhelming. Fundamentals for gold however, given the central bank flailing occurring globally, could not be stronger.
Still a long position here looks promising but beware another margin call type event if we have a repeat of March!
Still a long position here looks promising but beware another margin call type event if we have a repeat of March!
Comment:
Still running...but moving the stop up 1780...
Trade closed: stop reached:
Forgot to update this, that last spike down ran my stop. Will look for a new entry on the March contract most likely.
If the previous ATH around 1923 is defended on spot, target for the December contract is 2115.