Hubert Senters here.
Let’s take a look at gold. So in the last recommendation we were talking about getting long gold from $1414, $1415 and riding it up to $1599 or almost $1600. Unfortunately, we didn’t get there but it’s a nice move.
So this move if you got long here at $1414 and rode it to $1600. That’s about $20,000 so on this situation, we didn’t quite get there. We missed it by 30 points so it’s about $3,000 so instead of it being $20,000 is only $17,000 move.
I’m in the process I’m going to be bidding again for long Gold. I think gold is going to go substantially higher. I think it’s going to go back up through that $1600, they are neutral. Initial target was. It’s probably going to head to about $1900 so what I’m going to do is I’m going to zoom out here.
Look at the weekly chart then go like this right here and you can see $1800 little resistance back in here. Now, I don’t know if it’s going to go to $2000 but it could but $1800 you got all kinds of and just gaggle just a traffic jam there.
And if it can clear $1800 it can potentially go to $1900 and maybe even $2000 maybe gold even makes new high you just don’t know with all the craziness in the market, the volatility, the trade war, all that good stuff is scaring a lot of people and a lot of people you know jumping out of indexes, jumping ETF, jumping in bonds and jumping in gold.
So I’m going to be doing a special Gold Trading 101 webinar on Wednesday, August 11th. I will HYPERLINK you to that sign up page.
Good luck. Hope it helps. See you on the next video.