Gold dropped some today, but it's still within the upward parallel channel it's been forming. I expect a gold rally, but keep your stops just below the channel.
Note
JNUG's after-hours move would have you believe gold will break out downward tomorrow, but the chart actually looks pretty good for gold to recover. Selling volume has fallen off nicely, and the MACD is above its signal line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.