Consider buying a call option on February Comex gold futures.
See on the daily bar chart for February Comex gold futures that prices are in a downside correction at present. However, the longer-term price trend in gold remains up, and it’s my strong bias that this latest downturn in prices is just a downside correction in an overall longer-term bull market in gold. It’s also my bias that gold prices will rebound sooner rather than later and keep the longer-term price uptrend in place. Consider buying a call option on February gold futures, with an upside price objective of $1,800.00, or above. The option expires in late January.
