Tuesday, July 17, 2018 2:47:14 PM
Gold continues to fall as the U.S. Dollar grinds higher and investors flock to stocks versus the safety of the metal. In addition, it can not be understated how much crypto-currency has taken some of the buyers away from gold. Whatever the reasons, gold continues to tumble, now trading below $1,230/ounce. After analyzing the chart of the gold ETF $GLD, the buy level appears to be $112.50. That signals a drop below $1,200/ounce before the buy becomes a fantastic swing trade play.
Gareth Soloway
InTheMoneyStocks
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