Gold has been in a clean, tightening descending channel and may be ready to breakout.
I wouldn't be entering until a clear breakout signal is shown, but a push back into the 1920s and possibly beyond seems like a possible scenario if the channel breaks to the upside.
I wouldn't be entering until a clear breakout signal is shown, but a push back into the 1920s and possibly beyond seems like a possible scenario if the channel breaks to the upside.
Kommentera:
Well this has aged well, almost perfect timing for the breakout and path so far, currently at 1918, the predicted push to the 1920s should be imminent
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