GOLD - Don’t be in a Rush to Buy
GOLD XXAU/USD - another request! I’m working off of my iPad tonight, sorry for the writing on the chart. The main takeaway here is that we are currently in a corrective structure and I recommend being patient. I really like the $1510 level for an initial position due to a confluence of factors. The safest way to play this is to simply wait for a solid breakout of the descending trend line. As the year progresses I believe the uncertainty of the Democratic challenger to Trump will be one of several drivers to send the price of gold (as well as other select securities) higher.If you found this to be insightful or helpful, please show appreciation by hitting that like button. If you want more ideas I invite you to follow as well! I try to be here for all of my followers with any questions they might have. Feel free to shoot me a DM or comment below to start a conversation!
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