Hacked: Hacking Finance

Recommendations

Trade Recommendations Update, June 9th

Posted on .

Trade Recommendations Update, June 9th

Introduction

This article was posted on Friday, 13:55, UTC.

Gold: Long-Term Buy (Update) Gold, 4-Hour Chart Analysis Gold got hit hard yesterday afternoon, just before the hearing of ex-FBI Director Comey (some would say in a slightly suspicious way) after a strong period that carried the commodity just below the $1300 level. Gold got close to our initial long-term target, and it remains on long-term buy signal despite the current correction. Short-term traders might exit their positions and take profits now (our entry point was $1229), as gold penetrated the prior swing low and it’s possibly entering a consolidation period. The stop-loss for our long-term trade remains at $1244….

// -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- //

To continue reading you need to be a Gold Member or Platinum Member. Let us help you become financially independent by signing up. You will get access to exclusive stories, analysis, and guides by experienced traders, economists, and entrepreneurs. Learn more about us here.

Log In Join Now for $39 a Month! OR Save $69 by Subscribing for a Year!

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



Feedback or Requests?

Receive New Posts on Email:



Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

Navigation
Friday Market Recap Asset Current Value Daily Change S&P 500…