A very nice technical setup here with 1900 acting as clear solid support (floor) rejected multiple times as shown. This actually counts as two patterns, the way you want to look at it or give it a name. What isn't arguable is that 1900 has rejected support and is firm. The lower highs on the daily time frame suggest that price momentum is now squeeze. Looking at the Bollinger band and the kilter channels, we can see something big will happen. I am bullish on gold , holding my long from last year with multiple positions added. I will look for a break of the bull flag / pennant . Plenty of upside for gold still left pre-election.
Komentar:
