Gold Commentary

Disclaimer: I'm not an analyst and I am wholly unqualified to give any financial or investment advice whatsoever. This is just a place for me to put my notes accessible from anywhere and for a few friends to discuss.

It's worth going long here. Since the recent high and a little bit of backing off, which usually lasts a few days, we've had nice positive consolidation and a sudden break through the very clear ceiling that existed on the two short term charts.

In actual fact I had to go off and manage my position. I got out here. But remember I'm still holding physical so I'm still long.  The intermediate/log chart now shows an up move. It looks like we've just moved up to the next trading range. Tentatively I'd say 1420-1440, but it's going to be choppy!