GOLD --- When Breakout? $2700 Target remains in place.
Updated
The war against sound money...
keeping a "lid" on the price of the worlds biggest asset
and truly the only real collateral in the world.
Is being slowly lost.
We have a continuation head and shoulders that many people are watching.
But something to note
Is that the previous times #Gold has traded above 2 thousand dollars
The smackdown has been quick and violent.
If you noice in the past few weeks,
the compression of price ,
and the consecutive number of weekly closes above 2k.
Is the most it has ever been.
Are the Bankers ready to let it run...
since they seem to be pumping up all assets prices for the 2024 election.
I think the ramp up to 2.7k could be quite violent... do we get there by summer?
keeping a "lid" on the price of the worlds biggest asset
and truly the only real collateral in the world.
Is being slowly lost.
We have a continuation head and shoulders that many people are watching.
But something to note
Is that the previous times #Gold has traded above 2 thousand dollars
The smackdown has been quick and violent.
If you noice in the past few weeks,
the compression of price ,
and the consecutive number of weekly closes above 2k.
Is the most it has ever been.
Are the Bankers ready to let it run...
since they seem to be pumping up all assets prices for the 2024 election.
I think the ramp up to 2.7k could be quite violent... do we get there by summer?
Trade active
COMPRESSION all above 2K!
Trade active
nice :)
Note
Had a nice HVF that met it's Full pattern target
might need a rest after that move...
Trade active
New High's today
Note
New ATH's
will it drag #BTC up one day?
Note
risiing wedge upward target
has potential to bring Gold home to target
Trade closed: target reached
amazing
#BTC next
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.