Interesting chart on Gold

2024年1月11日

Gold is not exactly repeating, but it surely is rhythming with history on this chart. I am in the camp that if the economy continues to improve gold will break ATHs. As for now, gold could very well pull back midterm. The GP is the overall target but there plenty of smaller target/support areas between the current price and the GP.

Trade safe friends.

2024年1月11日

註釋

Its important to add that gold could easily rally off of the ascending channel low, if it does not hold/rally and it breaks below channel that is when my idea is most valid. A back test of the break will confirm the trade.