It’s a stupid man who disagrees with Jeff Gundlach … but his current view of an upside break in Gold doesn’t jive with my charts.
Yes, we’ve got a “triple” in Gold with 3 Resistance levels sitting right above the current price. And “big things happen at Triples”. But we’ve also got Professionals active at the Highs, instead of the Lows. We’ll see in the next couple of days – and a big name like Gundlach can definitely move the market – which way we break out of the $1,315 to $1,355 congestion zone.
And here’s an older video about Gold and “How to Protect Your Wealth from Money Printing & Political Unrest”.
Good luck with your trading this week.