Mission Accomplished—Reflections on the Gold Trade
Scott Redler of T3Live.com
I just wanted to post a couple of charts to illustrate the trade in gold. First we have the setup leading to the breakout higher in price. We had a reverse head and shoulders and a bull flag signal the long entry.
Next, take a look at the chart today. Gold reached the price objective of the inverse head and shoulders. While price may continue higher, I am comfortable locking in my profit as my objective has been reached.
Categorised as: Gold News