Gold Still Shines – Action Alerts PLUS

Gold is correcting a bit from an overbought condition, but the light volume in SPDR Gold Shares (GLD) tells us this is just a pause.

The chart shows a strong pattern of higher highs, higher lows but is storing up energy for a run at the 200 ma (circa 168). Further, there is a bullish W pattern that continues to play out, a target of $175 is a good objective.

Though inflation conditions are being ‘talked down’ in the media, the…

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