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Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold Picks Up Steam
April 6, 2020 - (Gold Market Wire) - Gold is powering ahead towards the target we set earlier today. Conservative traders (or those who have more margin then they should!) can take some profit here as we bump up at the horizontal resistance.
Those who want to scale back should take 1/3 out on an upmove, but the market looks strong right now, and may well follow through.
Running profits is the order of the day, today. Gold looks strong.
Sometimes it really is that simple.
The world is at the moving into the critical phase of a serious monetary crisis that has been brewing for years. Don't forget that. Gold is your safe harbour.