Hope you were paying attention to where price was at and didn't get sucked in on this last run up. Next step lower is to break previous month's low. I think $310 is likely if it does break. Was adding to gold & bonds the whole way up the wick but currently sitting on a very small position in them (<10%). I think the market is currently in STR mode, so will be...
Trying to bust right through the first target. Good sign to take profits here & wait for it to setup before moving to next target. Never trust a large gap down in Sunday stock futures. Risk of a rebound is high which would more than likely send gold down temporarily. Still medium-long term bullish.
Playing out perfectly. If breakout above previous ath holds, target from triangle breakout would put it around $154, just above long-term resistance. Might consolidate here for a few days or could break right through. Can't stress enough how much I like the price action in bonds (and gold while we're at it) right now. I'll break this table if I pound any harder.