Beautiful cup n handle..took roughly 10 years to develop..Could be longer but Once it has a breaks
out …Could possibly take another 10 years
For a 1:1 measured move target.
With inflation this high & Bitcoin (
BTC) falling..investors have no other choice than to fly to other commodities such as Crude Oil (/CL). Also with the food shortage & continuous war with Ukraine and Russia…wheat could be the next scarce commodity. (Just an opinion btw but anything is possible in todays world)
Good luck to everyone for what the future has to bring!
The previous gold chart didn't fit right due to the ultrawide monitor..issue has been resolved
out …Could possibly take another 10 years
For a 1:1 measured move target.
With inflation this high & Bitcoin (
BTC) falling..investors have no other choice than to fly to other commodities such as Crude Oil (/CL). Also with the food shortage & continuous war with Ukraine and Russia…wheat could be the next scarce commodity. (Just an opinion btw but anything is possible in todays world)Good luck to everyone for what the future has to bring!
The previous gold chart didn't fit right due to the ultrawide monitor..issue has been resolved
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