Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
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22:00
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22:42 |
August Gold’s waft tonight is putting more distance between it and a 4312 downside target hit yesterday that was ten weeks in coming. With a dozen good reasons to hate the rally, I’d suggest taking it seriously and trading bullion with a bullish bias for at least a short while. Key resistance lies at 4403.40, but an easy push past it would imply more upside to 4514.20. A pullback from around 4430, to 4348 would generate a back-up-the-truck buying opportunity, stop 4292. |
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