Swiss_Expert

The trend is your friend for gold

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Trends are trends until they break the trend. As a general rule many sophisticated investors only buy things in the up-trend. Gold has moved into an uptrend as indicated in the yellow channel. Remember - the trend is your friend until it’s not.

For the time being you can buy at the bottom of the trend range and sell at the top of the trend. The pattern is sideways to down for six days, and on the seventh day gold rallies. By this logic we can conclude that this coming Friday 26th July should be a good day. Get in before.

By pinching and expanding you can blow up this chart to see exactly WHEN and at WHAT PRICE you should trade. It seems so obvious.

Friday is pay-day by the way. Everyone has money.
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