Beginning of March, this is when we got in heavy with leverage. I was expecting an easy period and that's where we got a big, strong, very powerful, trending move. Then what always happens is you will have a difficult period that follows that easy period. On April 12th, that was the end of the easy period in gold. One of two things was going to happen, we're either going to have a scary correction or we're going to chop sideways. Turns out we we chopped sideways.
So you can see what happened here in Gold, it's just a back and forth, you know, just a terrible mess. And now, this difficult phase has been running for basically five months. I think it's probably time for the difficult phase to be done. We've finally broken out, looks like this one's going to hold above $2500 so now I think we're ready for another easy phase.
You can see here this is the fourth try to get above $2500 and this one looks like it's going to hold. It's very simple, you just use $2500 as your stop, if gold comes back down and closes back below it. That's a potential failed breakout you stop at and then you wait and see if it can recover. If this is the beginning of an easy phase, then we want to be aggressive and we want to play this for a move to that potential target in gold.
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