SPDR Gold TrustLong
Good buying opportunity
Markets breaking to All time highs except Nasdaq. Not exactly what you want to be seeing.
Gold in the process pulled back to a zone of demand. This zone along with the trend-line from August highs now acting support gives reeason for buyers to come in.
On 4hr candlestick chart, there was a green inside candle after touch the demand zone. On lower time frames showing signs of reversing/bullish.
I expect to ride gold back to 183 and see what happens from there these next couple of days/weeks.
Gold in the process pulled back to a zone of demand. This zone along with the trend-line from August highs now acting support gives reeason for buyers to come in.
On 4hr candlestick chart, there was a green inside candle after touch the demand zone. On lower time frames showing signs of reversing/bullish.
I expect to ride gold back to 183 and see what happens from there these next couple of days/weeks.
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