GOLD SHORT TERM CLIMB: WEDGE + GOLDEN CROSS
Today Gold has seen a massive influx of buyers, slingshotting it through the August wedge and preparing for a golden cross of the MA50 and MA200.
The last four times this has happened on the 4H chart it signalled the start of a massive bull market, with price increases varying from +10% to +20% within months
The first major target should be the $2000 area, since it's a nice round number. Prepare for a minor pull-back around there.
If $2000 breaks, be ready for the price to contest the all-time-high!
The last four times this has happened on the 4H chart it signalled the start of a massive bull market, with price increases varying from +10% to +20% within months
The first major target should be the $2000 area, since it's a nice round number. Prepare for a minor pull-back around there.
If $2000 breaks, be ready for the price to contest the all-time-high!
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