Volatility in April Gold has us testing a decent trend line. Today’s low so far just kisses the trendline below.
NO, TRENDLINES DON’T ALWAYS WORK. Agreed.
YES, THERE’S A CHANCE WE SETTLE BELOW THIS T-LINE and then you can’t be long.
ON the first test, however, its a place to look at a long spec.
The decision is yours.
Charts are only useful if they help you make good trades. I like getting long here against this T-line.
If it fails, run hard and run fast and limit your losses.