Bullish Pennant Formation on #Gold? Or will it break down? $GLD

#Gold trading in a tight range. Will the old high continue to serve as support and break out? Or will it break down, with a potential $100 drop in the cards?

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#Grains - Another #BullMarket in the making $CORN $WEAT $SOYB $JJG

 

Looks like the grains complex is preparing for a big bull market. The main reason seems to be the climate.

Grain prices tend to be volatile. So buy and hold is not the answer. 

Better to trade the grains. 

Attachments 1 to 3 are daily charts of the futures contracts of Corn, Wheat and Soybeans. All of them had positive price changes in the last 2 days.