Rate Cut Fever Grips The Market; The Magnetic Pull Of Gold At $4000 - SPDR Gold Trust (ARCA:GLD)
To gain an edge, this is what you need to know today.Gold MagnetPlease click here for an enlarged chart of SPDR Gold Trust GLD.Note the following:The chart shows that the recent breakout above zone 2 (support) was successful.The chart shows that gold is now in zone 1 (resistance).Sentiment on gold is now extremely positive. Momo gurus with no prior record on gold are now jumping in pretending to be gold experts and urging their followers to aggressively buy gold. Historically, this is a common behavior of ...