Gold chart has a rounded bottom on the weekly.
Easy to see the accumulation which has taken place
to make a base for the SP.
It is on the upward trend.
This pull back is healthy and I would consider it null
only after a break below the base.
All depends on your timeframe and investment time span.
I'm looking at 2 to 4yrs for my gold stocks and gold to be
a lot higher.
Day traders are going to use a totally different approach and
that is where a lot of the arguments start.
Few have a plan its just only a haphazard approach which ends
in disaster.
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