Gold Parabola is on boosters...
and it will burn out in the coming months. This presents a very good opportunity to board the train at the last station of call, without a doubt.
Thing is... expect a good pullback mid to late August (3-4 weeks time) and Gold should be good for the picking towards the end of the year.
Technically, Gold is very bullish, and a real trade entry is marked on 14 May, when a retracement had a flag/pennent break out. The grey arrow shows another possible entry point that would have been about 8-11% profitable. The point here is to know that this uptrend is robust, have entry rules upon end of retracements, and know when price goes parabolic.
Gold is crazy bullish, not yet overstretched, and will have strong retracements for more bullish waves to come.
So prepare.
On a side note, watch also the miners, but do be aware that these miners are also affected by the equity market currents.
Enjoy the ride!
Thing is... expect a good pullback mid to late August (3-4 weeks time) and Gold should be good for the picking towards the end of the year.
Technically, Gold is very bullish, and a real trade entry is marked on 14 May, when a retracement had a flag/pennent break out. The grey arrow shows another possible entry point that would have been about 8-11% profitable. The point here is to know that this uptrend is robust, have entry rules upon end of retracements, and know when price goes parabolic.
Gold is crazy bullish, not yet overstretched, and will have strong retracements for more bullish waves to come.
So prepare.
On a side note, watch also the miners, but do be aware that these miners are also affected by the equity market currents.
Enjoy the ride!
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