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PalenTrade
Apr 3, 2023 4:51 PM

Bull flag on GOLD? Long

GOLD (US$/OZ)TVC

Description

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
analysis


-Jebu

Comment

Price can also go and take some more momentum from bottom of the flag ~$1934 or make a bear trap there
Comments
RiskCity
Good analysis! I think the same!
PalenTrade
@RiskCity, Thanks you! Interesting to see the reaction on ATH
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