The weekly chart of gold is a giant cup and handle, looking extremely bullish. There is a double bottom that printed on the shorter term charts which is a good sign. Everyone hates gold right now which is a good sign it bottomed, similar to BTC at the 3k levels last bear market. Money printing is still continuing at a rapid rate so it's just a matter of time before gold busts back into its all time highs and people start to like it again.
Also watching and in for a LEAP 200c. Where do you stop out on this one I wonder?
Good luck!
XeroCrypto1
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@jwade83, I would say a break below 160 if anything. Hope those 200c print!
Michael424569
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I bought a 181c expires in December 🤞
XeroCrypto1
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@Michael424569, Good luck! Hope they hit sooner rather than later
Breakout_Charts
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I've been watching this too. I think that long term resistance needs to be taken out though. GLD has seen massive outflows as of late. I'm not sure this handle plays out. I'll continue to watch. If the handle proves out the upside is massive. Good luck.
XeroCrypto1
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@vmonaco240, Yes its still up in the air for now, risk to reward is looking good though like you said!
Good luck!