Today marked a very important day for gold in price action.
The daily price shows an engulfing candle - very bullish when coupled with a reaction off the uptrend line.
Finally, the markets are reacting to overdone selling and a huge rally is starting.
Inflation is coming and gold will be one of the ultimate hedges.
This is as good as it gets in a low risk entry....a wave 5 up is upon us and in precious metals, these are the most dramatic!
Good trading
The daily price shows an engulfing candle - very bullish when coupled with a reaction off the uptrend line.
Finally, the markets are reacting to overdone selling and a huge rally is starting.
Inflation is coming and gold will be one of the ultimate hedges.
This is as good as it gets in a low risk entry....a wave 5 up is upon us and in precious metals, these are the most dramatic!
Good trading