August Gold Pops A Wheelie

August Gold encouraged with an end-of-day reversal that tripped a ‘counterintuitive’ buy signal at 1249.30 (see inset). We anticipated this during this morning’s tutorial session, which you can access in recorded form if you were registered for the class but unable to attend.

In after-hours trading the futures looked like an easy bet to reach the 1267.60 target shown, but we should expect buyers to do a little better than that if this rally is going to get legs.

 Courtesy of www.RickAckerman.com