Gratuitous Pain in Gold

Source: Rick Ackerman Published on Thursday, February 2 2017
Related articles and keywords:   Bulls - Change - Chart - Free - Futures - Gold - Peak - Target - Trade - Traders - Trading - Weeks
Gold finished the day with a sharp upswing, but not before gratuitously inflicting pain on bulls with a $15 swoon early in the session. If the rally is ruled by the pattern shown as I expect it to be, the futures should hit 1219.10 overnight or early Thursday. With any luck the move will breeze past the target, giving us reason to expect more of the same over the near term. And if buyers can push just a little higher, surpassing the 1223.00 peak labeled in the chart, it would be bears for a chan
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