I suspect gold is in the middle of a cup and handle continuation. Though it's technically too early to call, I suspect price action will play something like this. Lines were drawn around ~$1,400. Pull backs are for longs.
Trade active
Still watching for macro uptrend to kick offNote
This is playing out as expected. Macro global/political events are definitely helping push Gold up. Patience.Note
Worth mentioning, the signal that tipped me off here was the rounded bottom which suggested a new macro uptrend was imminent. I expected a strong sell off at the previous ATH, but we didn't see much at all.Follow me on each of my platforms to keep up to date:
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Follow me on each of my platforms to keep up to date:
Twitch.tv/CryptoJack
Twitter.com/@CryptoJackLive
tradingview.com/u/Crypt0Jack/
youtube.com/@cryptojacklive
Twitch.tv/CryptoJack
Twitter.com/@CryptoJackLive
tradingview.com/u/Crypt0Jack/
youtube.com/@cryptojacklive
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.