Thursday, September 1, 2016

Gold Trade for September 2016 (maybe longer)

As another proxy for financial market participants' expectation of general price inflation, gold as of recent has been expressing signs of weakness and downward pressure. In the longer term, gold has resisted the market forces that have been pushing crude oil lower, but trading opportunities still present themselves ever so often.

The preceding chart outlines the last three months of Gold prices. The timeframe for the trade is one month. Sell gold at its current levels ($1310) down to $1245, represented by the green line.

Happy trading.

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