Arithmetic

Gold break out (25% upside potential)

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold has been forming a horizontal triangle since the lows last August. I think that it will break out to the upside within 1-3 months and pump to approximately $2,300 an ounce. Once there I am expecting it to go sideways and consolidate. This may be a once in a lifetime opportunity to go long on the yellow metal, which is well overdue a move following the rampant money printing.

GOLD
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.