Since my last analysis of gold futures I find gold looks ready for an upward move from current levels, if they sustain $1302. No doubt that the gold is currently at the strong support from where an eruptive move may be too strong in upward direction amid growing volatility ahead of the Fed's rate call. A majority of economists believe the next move higher will come before its meeting in June. A majority of investors is full of doubts but look interested to go long in view of the midterm elections in coming months.
Disclosure
1. This content is for information and educational purposes only and should not be considered as an investment advice or an investment recommendation. Past performance is not an indication of future results. All trading carries risk. Only risk capital be involved which you are prepared to lose.
2. Remember, YOU push the buy button and the sell button. Investors are always reminded that before making any investment, you should do your own proper due diligence on any name directly or indirectly mentioned in this article. Investors should also consider seeking advice from an investment and/or tax professional before making any investment decisions. Any material in this article should be considered general information, and not relied on as a formal investment recommendation.