Gold symetric triangle breakout
Gold has built a symetric triangle for months, with volume lowering.
The triangle has just been broken out with a huge volume.
Target price is the height of triangle at the beginning reported on the break out point.
Market is risk off, so the classic choices are bonds and gold.
As real yields are negative because of the huge inflation, only gold makes sense.
The triangle has just been broken out with a huge volume.
Target price is the height of triangle at the beginning reported on the break out point.
Market is risk off, so the classic choices are bonds and gold.
As real yields are negative because of the huge inflation, only gold makes sense.
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