Gold Break Out and Next Trade Setup.
Gold has had a good run recently, and needs to test this breakout, so I suspect we can retest $2000 on gold this summer, then, move higher to $2500 in the fall/winter.
The mining sector and stocks have typical seasonal patterns for trading, and we usually get the highs in Feb-April, then a good pull back into the summer, and then the next wave up to higher highs in the fall and winter.
That is how I think it will play out, but anything is possible and Gold could continue its breakout from here. However, the summer doldrums are the next good entry point.
The mining sector and stocks have typical seasonal patterns for trading, and we usually get the highs in Feb-April, then a good pull back into the summer, and then the next wave up to higher highs in the fall and winter.
That is how I think it will play out, but anything is possible and Gold could continue its breakout from here. However, the summer doldrums are the next good entry point.