Long term direction for GOLD
Its difficult to see where GOLD can go over the next few months (and years) other than up. We at Carleton Capital are in this trade at 1311 (see Technical Case for Gold 19th September).
I shall be posting an artricle about why Carleton Capital are heavily BULLISH on GOLD at a later date but from a technical and fundamental standpoint the case for increased GOLD strength is irresistible.
As we near the US Presidential Elections any opinion poll that has Donald Trump ahead will cause a surge in the exchange and an unimaginable Trump victory could see the yellow metal hit 2000 in no time.
For now though, we shall slide our STOP higher when the trade allows.
I shall be posting an artricle about why Carleton Capital are heavily BULLISH on GOLD at a later date but from a technical and fundamental standpoint the case for increased GOLD strength is irresistible.
As we near the US Presidential Elections any opinion poll that has Donald Trump ahead will cause a surge in the exchange and an unimaginable Trump victory could see the yellow metal hit 2000 in no time.
For now though, we shall slide our STOP higher when the trade allows.
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