After a volatile day of trading yesterday, with gold first attempting to breach the key 1730 resistance before selling off hard all the way back down to 1700, then rebounding to 1720, gold is trading quietly in a narrow range this morning.
We believe that gold is about to embark on a Wave 3 rally that will take the price to new all time highs early next year and a price of $2,400 in June 2013.
A break above 1730 will be the first indicator that this rally is underway.
Today's video looks at the last day's trading in some detail and looks at our strategy for our next trade.
We believe that gold is about to embark on a Wave 3 rally that will take the price to new all time highs early next year and a price of $2,400 in June 2013.
A break above 1730 will be the first indicator that this rally is underway.
Today's video looks at the last day's trading in some detail and looks at our strategy for our next trade.