Armstrong is saying still likely that this move up in gold is only a 'summer rally' still.
Says it is not a sealed deal for a breakout UNLESS we get a MONTHLY close within the next 10 trading days of 1362.50 or higher.
He talking about how markets love to trap everyone etc etc. right at the previous highs.
And then of course talks about inflationary wave starting from the next ECM turning point of January 2020.
Yikes !!!! look at the gravestone doji candlestick on the Spot gold daily bar....
Went long JDST for a trade only into next week. Stop at 34.54
Edited by tradesurfer, 14 June 2019 - 12:21 PM.