UPDATE: Gold almost VERTICAL! Target remains at $2,236
Gold has been moving very nicely this year.
First it broke out of a MASSIVE Symmetrical Triangle that lasted an entire year of sideways movements.
Then it shot up, formed a W Formation and then just rallied up with a high inclination.
I'm talking over 60 degrees up. So, the momentum is strong (bubble style) but still strong. And the target remains at $2,236.
We could then get some consolidation and some steam off by SMart Money, before the buying saga continues.
I'm a raging gold bull!
First it broke out of a MASSIVE Symmetrical Triangle that lasted an entire year of sideways movements.
Then it shot up, formed a W Formation and then just rallied up with a high inclination.
I'm talking over 60 degrees up. So, the momentum is strong (bubble style) but still strong. And the target remains at $2,236.
We could then get some consolidation and some steam off by SMart Money, before the buying saga continues.
I'm a raging gold bull!
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.