Gold Skyrockets To New Three-Month High
Today's action in gold (XAUUSDO) pushed all of our "Trade Triangles" into a positive position, reconfirming the bullish outlook for this metal. This morning our daily "Trade Triangle" indicator, dynamically flashed a buy signal at $919.70. This market action has caused all of our weighed criteria to move in a positive direction, including our monthly "Trade Triangle" which issued when the price moved over the $932 level.
This market is now in a fully fledged Bull Run and I expected to see the $1,000 an ounce level reached in the not too distant future.