There has been a well-publicised drop in gold prices over the last day or so. This has not been a singular event but instead the latest (and biggest) in a series of downward moves that started in mid-May. Gold futures have now extended, as have platinum futures too, and so both may now be bought.
These are only daily-scale signals, so this may not be a major turning point but the drop has been quite sharp and so we would seize this opportunity – sometimes these trades that come from shorter-term signals can turn into longer-term ‘holds’. Charts:
