TRADING TIPS

Gold is On the Move Again

Hubert Senters here. Let’s take a look at Gold. Gold is obviously on the move. Market sold off today so Gold moved in the opposite direction which sometimes it will happen. It doesn’t happen all the time. But overall Gold is up $13. It looks like it’s going to take out $1,803. And then it has the potential to take out $1,814 on its way to $1,900. Take a look at Gold. If you don’t trade Gold futures you can try GLD. It’s going to be an ETF. It’s going to act like a stock. It will have an open or a close and like the futures which are basically up 23 hours a day. Next target for GLD the ETF is going to track Gold is going to basically parallel the price of it. It’s going to be $160, $170 and $171. Good luck. Hope it helps. See you on the next video. Hubert.

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