What Happened to the Gold Market (XAUUSDO)?
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Could Gold go over $1,200?
Looking at the precious metals market, specifically gold, we use the Trade Triangles with the Fibonacci Tool to analyze the 3 month period between April through July, 2009.
The Weekly signals for Trend are pointing up telling you when to buy long and make more money. The Daily signals for Timing are pointing down telling you when to exit and take your money. The Trade Triangles and MACD are indicating to exit the gold market. However, the trend is looking good for a rally soon.
If you are a trader, you should be watching the trends using the Fibonacci Tool inside MarketClub to help maximize your returns.
Watch the video: What Happened to the Gold Market (XAUUSDO)?
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