April 13, 2023 - (Gold Market Wire) - The Power Uptrend in Gold is in full flow today, and $2050 is coming in to view.

Everything is going according to plan. We are full loaded in core and have traded well over the past few weeks. Ah, if only every market.could be like this! But, amidst the euphoria we must maintain the discipline. For regular readers of the site, you know how well that has worked out. Very well indeed. So - what's next?

We will maintain all length until we see the power uptrend start to accelerate or top out. A lurch towards $2050 tomorrow will be a solid place to take 50% of the trading position off. Likewise, the horizontal resistance that sits right at 2028.50 has to be respected. If we start to look like we are failing at that marker, especially into tomorrows close, the order may be to take profit on 1/3.

Yes, we look ready to move higher, but, in bull markets, its always the "big perch" where we need to lighten up. Right now, this is text book Bull Market stuff, and is a pleasure to trade.

It won't stay that way forever. The market is only ever 'kind' for brief moments.

Watchwords: "Don't get greedy." "Stay with the discipline." "Stop trying to hit home runs."