I have been watching Gold for years, the boiling point is almost here. With trade Wars and Debt Crisis, there is only one way for gold to go. I have charted a Ascending triangle (Bullish pattern) and A Cup and Handle ( Bullish Pattern ) Lets see were this goes shall we. RSI is ready to bounce of the 50% and run up on the break out, I believe there will be a Break out of the long term symmetrical triangle as well.
This is not investing advise or tax advise, this is for my personal education and reflection.
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The Pattern formation has played out nicely on the 1 day chart, Fridays Close broke out of the handle.
Lets see how next week fairs in the Financial markets.
Gold is a HODL!! In your hand, not the fake paper CFS!!
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This is a strong break out, continuing upward momentum. The news from trade wars and monetary Debt continue. Lets see were we go!!!!
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The Gold Paper trading has pulled back, as we wait for the continuation of the bull Run. Bitcoin made incredible moves, as have gold. With Merrill lynch confessing to paper manipulation of the markets. We will for sure see ATH with precious metals.
Question is should Hodlers of physical be entitled to losses if they sold holdings, during the time of manipulation.
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Good morning, Today i wanted to update this price action chart. Currently we are running up a nice channel, looking at great increases to come.