UGL - Gold: Megaphone Pattern Targets $2575 In 2020

We continue to be extremely bullish on gold and silver. Governments around the world are printing money, the coronavirus pandemic shows no signs of going away, and the economic consequences of the pandemic continue to ripple throughout the global economy. Tensions between China and the US continue, with a US election in the fall that appears destined to increase political uncertainty and disruption. We recommend buying gold and silver for the long term, while using corrections in the short term to either day trade or build a long-term position.

How to Trade Megaphone Patterns

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