Gold Potential Bull Market, Pitchfork & fib
Gold has been bearish since 2010. From 2016 Gold slowly picking up. Current market clearly shows the market is in rising ascending triangle pattern. Also price may follow pitchfork trend line.
Overall Gold market may look like bear market but I personally think it is continuation of bull market. once we have clear break out of ascending triangle, we may see another bull market and expect to hit $2700 - $3200 in future.
Current world economy situation does not seems very bullish. People like to hold their investment money on safe haven. I do not know what else you can store money other than gold.
Overall Gold market may look like bear market but I personally think it is continuation of bull market. once we have clear break out of ascending triangle, we may see another bull market and expect to hit $2700 - $3200 in future.
Current world economy situation does not seems very bullish. People like to hold their investment money on safe haven. I do not know what else you can store money other than gold.
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.