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Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold - Ready for its Next Move?
June 2, 2020 - (Gold Market Wire) - Gold has been lagging behind the party being hosted by Silver, but it looks like its about to make an entrance. The chart shows us the set up.
This is a very solid set up for Gold to move higher. The uptrend is nice and smooth and the "lid" looks ready to give way to the pressure. You don't often get set-ups like this. Gold has a lot going for it right now, from chart action, to the political chaos engulfing the world, to the all-important silver rally which is a defining feature of a Gold bull in full flight. Long is the place to be.