Savvies, gold and silver are in the grip of a major short squeeze this morning, following an unexplained spike (turned out to be a pre-market leak regarding the government shutdown temp deal) around 8:35am EST. Last night, I published a gold chart analysis over at CrushTheStreet. Here is a 1min chart from a few moments ago, 10:25am. $1,300 looks to be on the verge of being left in the dust, maybe today. Stay alert for the sweetspot momo opportunity at your doorstep.
UPDATE: Gold 1min chart as of the 5pm close today. A $1,304 high of day printed after the 4pm NYSE close. Next week is primed to be important, stay on your toes.
From my Jan. 9 heads-up:
“This evening, the Ascending Scallop’s Throwback (aka Handle) is filling out and threatening to challenge the recent $1,300 high. If the Jan. 3, 2018 high of $1,300 is taken out with conviction, we may have another sweetspot momo play on our hands.”
Plan Your Trade, Trade Your Plan
TraderStef on Twitter
NONE of the content produced by TraderStef, staff members, or any services associated with this website should be construed as financial or investment advice. Financial investment is a risky endeavor and may lead to substantial loss. Always perform due diligence before undertaking any financial decision. Not a Financial Advisor.
Copyrighted Material – A “by TraderStef” credit linked back to this website is required when using any quotes, written material, technical analysis charts, or publishing a full version of an article.