Gold 1M pushing on cloud and resistance
The 1M gold chart shows pressure on the edge of the cloud, while the daily chart shows a bull pennant forming, signaling bull trend continuation. The 1M also shows slight bullish divergence. Without much resistance after the current level, I'd expect a rapid move to around $13. Gold mewn rocket time is imminent. If bitcoin completes it's Three Falling Peaks formation and altseason remains elusive, a lot of FOMO capital might flow from 
BTC to gold.
BTC to gold.
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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.