Potential Buy Alert

Spot Gold

Spot Gold has been heading higher the last few trading sessions but is it too early to jump on board for a move higher? We see gold as extended at current levels as gold bugs buy price up. We see now the potential for a long squeeze to push price lower and build a higher low and potential buy entry to continue the march to resistance around $1368.

Commodity : Spot Gold

Current Price : 1301

Status : On watch for long squeeze then higher low for a move up