Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Update
Gold: Risk Reward Set-Up
June 6, 2022 - (Gold Market Update) - Well, we got the break out, as we noted in our last post. And then we got the pullback. That's what we were looking for. Now we have the return to our trend line. So - the plat du jour will be a long spec from the line.
We'll classify this as a 'punt' (scalp) and see if it has room. Gold's been a bit of a bore lately, but the recent action showed potential, and the pullback is the opportunity. We're cautiously optimistic.