Gold is on everyone’s radar over the past few weeks. I’m watching it too.
Price has recently broken above long term resistance, the downwards sloping white trend line for the first time in five years. That is significant.
SPDR’s Gold Trust (GLD) weekly
I would be cautious at jumping in too early however. This could be a total head fake.
If price starts closing above 132 I will become more interested.
The stock market is trading very cautiously right now. We should follow suit.
All the best to our friends in Texas.
Don