Gold is consolidating within a 9-12 month cycle up phase. The projected high is due between xxx and xxxxx xx, with the projection currently honing in on xxxx.
The final numbers from the swing trade pick screens over the past week resulted in 21 final buys to just 17 final sell. Not overwhelming like the two previous weeks, but still a buy side edge.
As usual, I reviewed the 21 charts with short term buy signals. I saw a lot of tired looking uptrends near resistance, with waning momentum. It wasn’t inspiring. So I adjusted the stops on the 3 remaining picks and added one more, just in case I was missing something bullish.
The strategy and tactics suggestions in this report are informational and general in nature, and illustrative of one approach. They are not investment advice. No representation is made that it is the best approach, will be profitable, or even suitable for any particular investor.
Nothing in this letter is meant as personalized investment advice and you should not construe it as such. Trading involves risk of loss, and in the case of options, the loss can be 100% of the amount invested. Any trading that you do with reference to strategies and tactics suggested in this report should be done only after consulting with your financial adviser. Trade at your own risk.