Gold broke out of its pennant pattern a couple of days ago. Either we have a breakdown or a shake out (caught me out at break even) occurring right now just below the 50ma. A similar shake out occurred during the last pennant just before it exploded north.
I have bullish leanings for gold, given all the stimulus and extra stimulus coming out of the US. I'll be re-entering on a daily finish above the 50ma.
I have bullish leanings for gold, given all the stimulus and extra stimulus coming out of the US. I'll be re-entering on a daily finish above the 50ma.
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