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Gold Just Keeps Going – How to Work with Parabolic Trends
The rally in gold prices just keeps running higher and at this point even the most ardent of bears should’ve questioned their thesis along the way. It was just a week ago that gold didn’t look so certain about the $4k/oz level. But a pullback to support at $3950 got bulls back in-charge, and they haven’t looked back since, forcing a rally above the $4250 level and the metal is now fast approaching the next psychological waypoint at $4300. This illustrates one of the drawbacks of technical analysis in that it can never show you how long a trend may run. It can highlight a budding reversal or a possible pullback, ... (full story)
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