As you can see, GOLD just got rejected for the third time from the $2,080 level. When completely zoomed out, you can see that GOLD is trading in a massive bull flag, or in the handle of an even bigger cup and handle pattern.
If GOLD can consolidate and build up the power to break through this strong resistance, it will enter into price discovery, and begin a run to new highs…
I will continue to monitor this structure, and will update you when I see relevant updates in the chart…
gold to spike to ~2500 when fed starts cutting rates