Past week summary 10 May 20

Despite the fact that we are in a “crisis”, national debt has increased worldwide and the Fed is holding rates – gold is not rising. We actually finished the week only slightly up. Strange considering the mood. We are still glued to 1700 which we first hit on Mar 5 so two months have gone without any increase – and there appears to be real resistance to the price rising.

At any rate this week the price moved down and then up on Wed/Thursday giving us the opportunity to double a $2000 account each time. So look for the trading signals. They are there as I show in my training. In saying this it should be noted that we are rising from the 24 daily ma and this has shown to be a launch point for the price. So look for that to occur on the hourly chart as an entry.