We are getting long here.
We are getting long gold right here as the price is breaking the downtrend off the recent high.
Stop on the gold trade at 1630.
April Gold has reached the upper end of our target range at 1556, and we would be taking a small portion of the long trade off and trail the rest with a stop. There is potential for a move to the 1577 - 1587 area from here.
For those that have multiple contracts, this is the zone where we would take a partial position off. Lock in a partial profit, and let's see if we can get to the upper end of the range.
Price is setting up for a long trade and we will buy on a move above the upper blue range at 1503.40. Using a stop of 1482 and an initial upside target of 1527.50.
We have a great reward to risk setup in Gold, Silver, and Platinum.
We are taking a long position in gold bullion using a tight stop.
Gold achieved an upside target at $1701 today. We are taking a short position with a stop just above today's high.
WTI is reversing from our target zone of $42.30 - $44.80. We are taking a long trade here with a stop just below the MOB band.
We excited longs today when bullion hit our MFU-3 target of 1672, and looking for a long setup in the coming days.
We got the pullback in gold that we were looking for, and an ellipse buy is now triggered. We would be adding here in anticipation of another leg higher.
Gold bullion is above its first short-term target and ready for its next move higher.
Gold has achieved its initial target of $1512, which we highlighted on our December 12 buy alert. We believe this is the first initial leg up off support and is poised to surpass the September highs.
Gold is on the verge of breaking the downtrend off the September high and its 50-day average.