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Gold daily breakout on the cards - $1920 by year end
Gold Spot / U.S. Dollar
Long
Gold daily breakout on the cards - $1920 by year end
By Vanillasagna
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Updated
Nov 9, 2021
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Nov 7, 2021
Gold is coming back up off the yearly lows and getting close to a breakout on the daily timeframe.
Look for a break of the channel top from August 2020 highs.
Target is 0.618 fib - $1920's
Nov 7, 2021
Note
Zooming out to weekly timeframe gold is painting a handle to last decade's cup - cup & handle target (in next 5 years) is $2800
Nov 9, 2021
Note
Daily break out - closed above the channel
Chart Patterns
Fundamental Analysis
Trend Analysis
Vanillasagna
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