Update On Gold

Independent Trader • Mar 23, 2020 at 7:18 PM EDT

Gold has now consolidated sideways for around 9 months and is trading back above the 30-week moving average on heavy volume to start the week.

Last year gold had a massive Stage 2 breakout that was one of my most profitable trades of 2019.

Since then gold has consolidated sideways, and I used Stage Analysis to find profitable Stage 2 breakouts in stocks such as TSLA and more recently ZM. One of the things I like about Stage Analysis and what makes my work unique is I can trade any market with my system, and by not focusing just on gold I’m not missing out on huge opportunities elsewhere.

Bringing it back to gold though it’s time to watch gold this week for a potential Stage 2 continuation breakout as it is now massively outperforming the S&P 500 since the coronavirus panic. Gold has now consolidated sideways for around 9 months and is trading back above the 30-week moving average on heavy volume to start the week.

Video Length: 00:08:55

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