techtrail

Gold Futures: From One Box to Another

Long
COMEX:GC1!   Gold Futures
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3
Gold has displayed the tendency to move from one congestion zone to another. Price has been in a congestion zone, a.k.a re-accumulation in Wyckoff terms, for a while now. The next destination seems to be the upper green box starting at $1,530-ish, extending all the way upto $1,804. Let's wait and watch.

Pondering if it is time to increase weightage of gold in the portfolio. too early to make that call, but get a feeling that a case for the switch might not be too far off.