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!
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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Trailing stops from here is probably the best way to play it.