August Gold Futures Trading Chart
The past 2 months have seen several short-term trading opportunities emerge in Gold futures.
As you can see in today’s chart, the precious metal has traded in a broad, sideways range since mid-April.
But the latest reversal higher may be the impetus for Gold to move toward our long outstanding MFU-4 price target. Like others, this is a short-term “trading” opportunity. I am using stops.
The MACD is turning up from the zero line, which is positive.
The author may have position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
