GOLD SECOND LEG
The end of 2018 and January of 2019 was marked by a huge appreciation in the gold price. Afterward, we saw a three-month-long pullback ( which hit 38.2% Fibonacci retracement) and now it finally seems like gold is making a move again.
Don't forget that gold also broke its resistance line today (blue line) and formed the double bottom (marked by a blue rectangle). My target first target is at 1.369$ (1.27 extension) and second at 1397$, and from there on only the sky is the limit.
Don't forget that gold also broke its resistance line today (blue line) and formed the double bottom (marked by a blue rectangle). My target first target is at 1.369$ (1.27 extension) and second at 1397$, and from there on only the sky is the limit.
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