Gold just broke a huge Cup and Handle pattern. This move will bring Gold in the long term to the plotted targets on the chart.
Since this is a pretty easy Technical Analysis, I will not explain it in detail.
From a fundamental perspective, this is the most dangerous time we are living in with the risk of WW3 and potential recession.
End of rate hikes, sticky inflation, etc. Everyone will flee to the security of Gold.
Gold has been suppressed for a long time and when it breaks out the move will be explosive.
I am super bullish on Gold! There is huge upside to it.
Like & subscribe if you want to see similar analysis and updates. Enjoy!
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Disclaimer: This is not an investment or financial advice. I'm just sharing an idea for educational purposes.
Since this is a pretty easy Technical Analysis, I will not explain it in detail.
From a fundamental perspective, this is the most dangerous time we are living in with the risk of WW3 and potential recession.
End of rate hikes, sticky inflation, etc. Everyone will flee to the security of Gold.
Gold has been suppressed for a long time and when it breaks out the move will be explosive.
I am super bullish on Gold! There is huge upside to it.
Like & subscribe if you want to see similar analysis and updates. Enjoy!
---
Disclaimer: This is not an investment or financial advice. I'm just sharing an idea for educational purposes.