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Auguraltrader
May 27, 2021 4:00 AM

Gold... it is time. Long

Gold FuturesCOMEX

Description

Previously, as expected Gold to run up in April 2021, it did.

Now, it broke out of a channel, and made the first run.
The weekly chart is showing another robust up trend, but the daily chart signals time for a mild retracement.
I suppose one could see this as an opportunity.

Marked out the bounce area and the target of 2100 as well. This is a multiyear cup and handle formation, so... guess where the 1.9T is going?
Comments
RealMoney617
The force is strong with you Auguraltrader
Auguraltrader
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