PCE numbers came out in line with expectations a few minutes ago and the Gold price is reacting. We think that Gold pushes higher here. It also coincidently is breaking out of a triangle formation. Hold onto your butts (and your gold stocks), cuz things are about to get wild!
Note
Winner winner chicken dinner!
Trailing stops from here is probably the best way to play it.
Trade closed: target reached
Starting to feel like this move is mostly over. Time for a pullback perhaps. Not a bad idea to bank the trade here.
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