The gold chart looks precarious. Here’s how to profit

From cnbc.com

Gold is at a technically precarious juncture, and the good news for you is that options market may be mispricing the risk. The metal is hovering near its 200-day moving average while simultaneously testing the 50% Fibonacci retracement of its prior advance, a confluence that technical traders don’t take lightly. Compounding the bearish setup, several momentum and trend indicators have rolled over: DMI, along with triangular, weighted, and exponential moving averages, are also all pointing lower. The macro backdrop isn’t offering much of a counterargument. Inflation stemming from the conflict in Iran is raising ... (full story)