Why the Sky Is the Limit for Gold

Fergus Hodgson, June 24, 2019

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Geopolitical tensions and the Fed’s recent announcement that it would cut interest rates in the near future have triggered a rally in gold prices.

Omar Ayales, chief trading strategist at GoldChartsRUs, discusses the pitfalls of short-term trading in precious metals and how to be disciplined about it.

He explains how, once gold breaks a psychological threshold price, a long-term bull market becomes a self-fulling prophecy.

Recorded on June 5, 2019.

The key to trading gold in a bear market has been short-term trades, says Omar Ayales. (Pixabay)

Recommended Links

• Connect with Omar on Twitter and visit GoldChartsRUs.
• “Is Gold Ready for a Long-Term Breakout?,” Money Show.
• “Technical Analysis,” Investopedia.
• “Gold Prices Continue their March toward a Six-Year High,” MarketWatch.

If You Liked This Episode

• “Why the Future Looks Bright for Gold,” Gold Newsletter Podcast.
• “What Technical Analysis Foresees for Gold,” Gold Newsletter Podcast.
• “A Bubble Like Never Before,” Gold Newsletter Podcast.
• “Gold: For Insurance, Not Profit,” Gold Newsletter Podcast.

Fergus Hodgson is Gold Newsletter’s roving editor. Follow him on Twitter and Facebook.|