November 29, 2023 - (Gold Market Wire) - Yesterday's missive about Gold creeping stealthily back into its upper channel proved prescient. With no fanfare, it shifted in around 2012, and, matched by the confirmed cross in the 50 and 100 day moving averages, exploded higher.

We had a high low of $32.93 yesterday, and it was almost all upside action. The, we approach the top of the channel and the profit takers come in. Technical perfection. Our sloping uptrend defined by the channel gives us around $50 per month. Trading within the channel should yield even better results.

We repeat, yet again, to keep an eye on Silver leading the charges. The moves in Silver can often tell us when to push the accelerator on Gold (provided, of course, that you know what the heck you're doing with leverage. The inexperienced should really avoid this).

For the trading position we have taken our requisite 1/3-1/2 off as we got near the top, and now look to re-size. Try and remember to temper enthusiasm and be patient...and above all do two things: Hold the core position with an iron grip and for the trading position, don't chase strength! Gold bulls give you plenty of retracement opportunities to get in...if you remain patient.