Mining Gold In Different Markets
Think about how you can enter gold. Often, traders see a futures contract, but what about those who don’t trade futures? You also have the GLD ETF and the GDX gold miners ETF.
In fact, let’s take a look at the trend, or the lack of trend, that we have in gold right now. We know that gold is in a neutral, non-trending environment, but there’s no doubt, that this is a bullish to neutral market. This means gold is most likely on the trajectory of continuing to move higher. It may be moving slowly, but it has traction.
How do we know it has traction?
Well, every time it trades down into the 34 EMA wave, it gives us a zone to work with. Check out today’s video where we talk about mining gold in different markets.
