Shining againGold is back above the 200-day and the trend remains firmly intact. Positioning is rebuilding without looking maxed out, while volatility remains surprisingly contained. The chase is returning, but the cleanest expression may still be through call spreads.The trend is your friend
The Gold Chase Is Back—But This Is Still The Cheapest Way To Play It
Gold is back above the 200-day. The trend remains intact. Positioning isn’t maxed out. And the options market has flipped from hedging downside to chasing upside. The gold chase is back.
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