Gold’s run hit trend resistance last week. The longer cycles remain in trending mode. 9-12 month cycle channel resistance projects to xxxx over the next week. The only current projection points to xxxx, which is also the measured move target of the 9 year high base breakout in 2020. There’s a second target above that, but first we need to see how it acts at the first one. The first sign of even a potential reversal would be a daily close below xxxx. Non-subscribers click here for access.
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There are 10 mining stocks on the swing trade pick list, with an average gain of 13.7% and average holding period of 19 calendar days. Gotta know when to hold and when to fold.
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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.
