PalenTrade

Bull flag on GOLD?

Long
PalenTrade Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
Hello

Gold is forming a bull flag. Target 2140-2180.

10EMA on daily is supporting the price nicely. As long as that holds, I'll stay bull.

$2075 is golds ATH were we can see some resistance.

Also gold has been forming this MASSIVE cup and handle for 11 years. Which would suggest that gold will go for a longer bull cycle. Maybe even double in a few years


Check out my january "I think bitcoins bottom is in" analysis


-Jebu
Comment:
Price can also go and take some more momentum from bottom of the flag ~$1934 or make a bear trap there

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