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peter_jackson
Feb 17, 2021 11:49 AM

Update on GOLD $GLD  Long

GOLD (US$/OZ)TVC

Description

Price action looking to complete the right hand shoulder pattern. If we do complete this and not breakdown further, we are going back to the 2020 ATH and on target for a run to $2500 - $2900.

Trade active

The double bottom has been made. We should spring back into the right shoulder arc and resume higher. This will probably only play out if we see the 10Y Bond yield fall a little and the dollar weaken. It may not need both do do so, but lets see.
Comments
Happyzebratime
That would be great
manPex
good
AlkalineFX
Great work boss
peter_jackson
@AlkalineFX, Thanks
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