Gold Rally rolls on. There is a lot of news flow that will create opportunities to buy the dips. By Todd Horwitz, Bubba Trading.

 

Another day another rally in Gold, the redundancy of it all. Gold and Silver continue push higher maker new highs and a regular basis and look prepped to make another run higher. The pattern remains extremely bullish and shows no sign of changing

All signs point to the rally to continue, however at some point there will be a pullback which is where we will be looking to add on. Since the rally began in May there has been a unique pattern that shows that the rally should continue. This week we are seeing the same pattern this week indicating there is more room to the upside

Our targets remain 1600 Gold and 18.00 in Silver. Remember in the pattern we are seeing now we are looking to buy pullbacks. There is a lot of news flow that will create opportunities to buy the dips, the key here is patience and discipline waiting for the right levels to enter.

Todd Horwitz
Chief Strategist
BubbaTrading.com

Financial Markets and Political Commentary
 

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About the author

Todd Horwitz - Author of “Average Joe Options“. Todd began his trading career in 1980 at the CBOE. He was one of the original traders in the OEX & helped start the SPX. He is a member the CME where he trades S&P futures as well as foreign currencies & is a regular contributor to CNBC, Bloomberg, BNN, Fox & many other major news networks.