When Gold speaks , every tongue is silent :) ATH NOV 2020
This went almost as expected .. $1779 and it popped back down to test the breakout from the ascending triangle at $1750 where the 50 day also gave it a kick up .
So targets remain the same and this is just going to start playing out faster.I mean look at what's happening around us and this is a safe haven specially once the dollar starts plummeting along with the markets people will want to hedge their portfolios.
Still waiting for the big catalyst( news -its coming just dunno what it is ) to force it out of the next few levels and start price discovery.
Had an idea a few months ago that this might pull back to $1467 and form the handle in after forming the cup however nothing to me gives an indication that this is coming down.
Either way keep raising your stop loss once we cross a level and let your winners run :)
So targets remain the same and this is just going to start playing out faster.I mean look at what's happening around us and this is a safe haven specially once the dollar starts plummeting along with the markets people will want to hedge their portfolios.
Still waiting for the big catalyst( news -its coming just dunno what it is ) to force it out of the next few levels and start price discovery.
Had an idea a few months ago that this might pull back to $1467 and form the handle in after forming the cup however nothing to me gives an indication that this is coming down.
Either way keep raising your stop loss once we cross a level and let your winners run :)
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.