This is an update from my post on Friday:
Gold broke down from its pennant yesterday and hit first support at $1880. Price remains in a bull flag, but a break below $1875 should see a quick drop to $1800, which would be a backtest of the entire breakout.
As always, we would love to hear your feedback.
I am the founder of fibonacci.com and an avid trader. I am also the co-founder of Texas Precious Metals, a top US precious metals company. In 2006 I was a contestant on The Apprentice with future president, Donald Trump. I live in Coeur D'Alene, Idaho with my wife and six children.
Gold It has been awhile since I posted an [...]
Gold For the past month gold has been trading [...]