Hello MarketClub members everywhere. The question today is, are you one board the gold train?
According to the Trade Triangle technology the gold train left the station on January 5th of this year at $1081.55. Since that time the gold market has steadily moved higher reaching its highest levels this past weekend as America celebrated its birthday.
The next question is, how many stops is the train going to make before it gets to its ultimate destination?
That's a tricky one to answer. However, I strongly believe that gold (NYMEX:GC.Q16.E) is going to continue higher for the better part of the year.
In today's video I will be looking at some specific target zones I have for this precious metal. In addition to looking at the gold market, I'll analyze the volatile nature of the major indices last week. I'm going to see if we can make some sense of the dramatic reversal both on the downside and upside.
Crude oil (NYMEX:CL.Q16.E) is under pressure this morning falling about 3%. I'll discuss the next support area for this market and share with you what I see in the future for this market.
Stay focused and disciplined.
Every success with MarketClub,