Gold's Intermediate Trend Line Tested
Gary Savage | May 04, 2017 06:09AM ET
Remember when I warned that gold would likely tag the intermediate trend line before the daily cycle bottomed? This area is a potential spot for a short term bottom, but I wouldn't be trying to trade from the long side just now.
Third daily cycles are dangerous. The safer trade is to let a bounce happen, then sell short. Or just remain on the sidelines.
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