This melt-up is approaching resistance, and the symmetry on the chart is compelling. It could set up a great short opportunity as gold consolidates ahead of its next major move higher, likely in 2027.
However, if it breaks out of the current channel, we could be entering a true melt-up phase — and there's potential for significantly higher prices.
However, if it breaks out of the current channel, we could be entering a true melt-up phase — and there's potential for significantly higher prices.
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