GLD
$GLD Approaches Another Bull Trend BreakoutGLD will likely be in focus this week as chaos erupts in the US and the money printing from the Fed continues unabated and holds the safety net in place.
The range under construction over the past two months appears to hold a bullish trend continuation posture.
Gold update: Extended consolidation in wave 4 - down then up Gold got stuck in an extended consolidation of wave 4, which shapes double three WXY.
The completion of the last wave Y down is expected at the low of wave W around $1658.
Then the last wave 5 , that was widely expected long ago could kick off finally.
The target area is highlighted with a blue box between 1805 and 1921.
Gold (AUD) daily chart-Symmetrical triangl's,Ascend/Fallin'WedgeGold (AUD) daily. Symmetrical, ascending, fallin' wedges. However, bullish uptrend intact.
With unprecedented Unlimited Fed QE , expect a big rally in Gold and Silver over the next 3 years (as occurred after the great Fed QE from 2008-11).