Trade Of The Day – Gold

Please note, Gold has been trading within the confines of a large and long-term compressing wedge. Before the wedge terminates early next year, Gold will either breakout or breakdown.

Initial targeting suggests Gold will surge to at least $1,600 if breakout occurs and as low as $800 if its the other other way around.

Now, Gold bugs would be quick to point out that Gold at $800 would be unthinkable. Not when the FED is pumping money, the USD is falling and multiple wars are about to breakout.

Perhaps. 

Yet, today's situation is much more complex and we discuss exactly that in our commodities sections covering Gold, Silver and Oil. So, if you would like to find out which way Gold breaks, when and how far it goes, we suggest you CLICK HERE