My earlier Feb 2023 flash report focused on a downside Change of Behaviour/Character in the uptrend of the Gold price from the Sept '22 low. At that time, there was a possibility that the uptrend ended.
I then expected the price to re-test the Feb high. If that re-test of the high failed, I would have been confident to conclude that the uptrend was done. The caveat to this conclusion was if the price closed above the high.
Fast forward to today, the price has now exceeded the Feb high. That means the downside Change of Behaviour is now void. As such, we should expect the price to move higher as the uptrend has re-established. The next logical target is the high at $2,070.
I then expected the price to re-test the Feb high. If that re-test of the high failed, I would have been confident to conclude that the uptrend was done. The caveat to this conclusion was if the price closed above the high.
Fast forward to today, the price has now exceeded the Feb high. That means the downside Change of Behaviour is now void. As such, we should expect the price to move higher as the uptrend has re-established. The next logical target is the high at $2,070.
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✅ Copy My Trades @ eToro, www.etoro.com/people/mrstocky
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✅ Copy My Trades @ eToro, www.etoro.com/people/mrstocky
✅ Verified Track Record 📈
Not Investment Advice
