GoldAddict

Two Possible Scenarios Coming Soon for Gold!

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
I see two possible scenarios for Gold coming soon. First scenario is that we hit the upper resistance of the rising wedge shown in red an have a false break of the wedge to $1806 then a pull back to the .382 Fib... Then continue the Bull Market to All time Highs...Second scenario is that we break up out of the wedge for an extended move up to match the ATH of $1923 and then a pull back to the .382 to around $1618 and then continue the bull market higher...I DO NOT see the Gold price crashing to below $1500 ever again...Money Creation has rendered this impossible now!!!
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