Golds pop at $1800 came as resoundingly as the cork flying off a champagne bottle.
That should please the safe-haven crowd that has stuck with gold for nearly nine years now, watching their fortunes rise and fall with the peaks and valleys charted by the metal since the September 2011 record high of $1,920.85 for spot gold
Recommendation:
Buy from current Price and wait till next week.
or
"Most likely, gold will content itself to trade between $1760 and $1790
over the next few sessions"
strict Stop should be $1763.
or
"only a fall below $1740 will challenge the bullish narrative"
Every system has a limitation.
Good luck!
That should please the safe-haven crowd that has stuck with gold for nearly nine years now, watching their fortunes rise and fall with the peaks and valleys charted by the metal since the September 2011 record high of $1,920.85 for spot gold
Recommendation:
Buy from current Price and wait till next week.
or
"Most likely, gold will content itself to trade between $1760 and $1790
over the next few sessions"
strict Stop should be $1763.
or
"only a fall below $1740 will challenge the bullish narrative"
Every system has a limitation.
Good luck!