Fundamentally, Gold is rare and getting more difficult to mine. Furthermore, demand for the precious metal is never waning. So in theory it should only go up over the long term.
I prefer to take the long bets on gold, so it’s a matter of finding the proper entry points. I am not one to usually wait for the perfect sign, but this week I was waiting for a little more downside to load up long gold.
The reaction on Wednesday foiled my perfect setup.
Since I am using the options markets, however, I can still implement my trading strategies. Today, I am sharing three trades to benefit from a rally in gold.