I've shared this technical outlook on gold with a few people...this is a good presentation of the point I was trying to make. The trend line is in the process of being broken and a couple consecutive closes over $920 (previous short term high) would look bullish. The point that he fails to mention is that May is a seasonally brings in a weak period for gold lasting into the summer months. This could be a final blastoff before the summer correction/consolidation.
Another angle to play it is silver, which looks more bullish than gold right now.
Just my thoughts...
Video here...
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