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TFC Commodity Trading Forum

Re: August Gold/Bumping Resistance *PIC*

This CEF is the vehicle that should be a nice balance of precious metals plus can be bought in even a restricted tax exempt retirement account. I bought it in late April at support and 'jumped the gun' when it poked its head above that downtrendline back then intraday. Got shot at quickly and bailed with a very small loss and have been keeping my head down waiting for a trend change once again. Nice easy trade here when price reverses as Silver tends to outperform Gold when they are in uptrends. This gives an added boost to CEF. When this trend changes back to up possibly over the summer this would be a good one to just buy and throw in a drawer and forget about. (with a trailing stop of course,lol)

But like the Gold chart breaking below the multi year uptrendline that was definitely cause for concern and was a serious breakdown to consider.

Messages In This Thread

August Gold/Bumping Resistance *PIC*
Re: August Gold/Bumping Resistance
Re: August Gold/Bumping Resistance *PIC*