Gold has decoupled from currency EURUSD/DXY. Bull flag been forming for weeks and great consolidation for breakout not top going short. Enough time in IC cycle for a great move is possible. Not sure at which point miners will accelerate to catch up but I am sure after 1370 we will see that confirmed
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We had a touchback of a resistance in middle of this bull flagNote
so we wait for the break out of the pendent cross the blue line. I also believe as soon as we cross 1370 the miners will accelerate with the frustrating lagging its had
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Could this be the penent break?Trade active
We have broken top of pennant going for bull flag topNote
RSI on weekly turning up and the bull flag top is hit. Volume on weekly bullflag has comparisons to 2016 initial drive. I believe we in right translated cycle of IC. we should hit 1370 then pullback with acceleration to new highs
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Important to know Gold is tracking key MA on weekly which highlight the plan the banks use. see flow in key MA'sinvst.ly/74ztm
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Top of bear flag broken!!!!!!!!!!!Trade active
Sorry hit!!! need to see if close is sustained aboveTrade active
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The move is taking acceleration, breaking trend line again for the BIG move breaking surely the 3 year resistance
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We have cept above the bull flag on weekly, we are going to break 2016 resistance is still on the cardsTrade active
We have a cup form and very bullish wicksNote
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See volume on wicks and price action daily
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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.