For those of you who followed the 52 week, weekend rule this past weekend, you should have taken profits on your position this morning in gold. Your profits should range from $8-$12 depending on where you purchased gold on Friday towards the close. Longer-term we remain positive on gold.
This just in from mario dimascio >> Hi Adam, I just followed your advice and picked up an extra 10points on Gold………THANK YOU
GOLD ALERT: Short-term traders should now be on the sidelines in gold as a daily Trade Triangle flashed an exit signal at $1,291.70. Long and intermediate-term traders should continue to hold long positions in gold.
Today are going to be looking at gold and analyze the recent run-up that has created a great deal of excitement and fear for many investors and traders.
We're also going to be looking at some upside measurements that we have for this market. Conversely, we are also looking at an area that should provide support should the gold market pull back from its current levels.
In this new video we are going to be focusing on our "Trade Triangle" technology and what it means for traders. We will explore short-term, intermediate-term, and long-term trading in this precious metal. This will all be done using our "Trade Triangles."
As always our videos are free to watch and there is no need for registration. We hope that you enjoy the video and that you leave your comments on our Trader's Blog.
All the best,
Adam Hewison
President of INO.com
Co-founder of MarketClub
GOLD ALERT: Daily “Trade Triangle” signaled an enter long gold position today for short-term traders at $1,250.35. Spot gold is currently trading at $1,265.28. Intermediate and long-term traders remain long gold.
GOLD ALERT: Daily “Trade Triangle” signaled an exit long gold position today at $1,244.53 for Short-term traders. Intermediate and long-term traders remain long gold.
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