Re: Gold
The recent action in gold is playing out as a classic breakout.
The price tested the 500 area several times (past 3 years) and recently busted out to almost 540. It then returned to test 500 (normal breakout action) and appears to be bouncing off that test today. This is often a low-risk spot to enter assuming you are adept at knowing where to place your risk-limiting stops.
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