Loading ...Getting Interesting
If this pennant beaks out and then a new high is made
The Price objective of this hallway pattern is
(depending on the measuring method) 1400 to 1450 !
In about a month !
Also possible we get point 5 right here and reverse back town to the rising bottom line .
Also possible we break out and go to 1260 again then reverse back down to the bottom of the range at 1190
Personally I can see 4 fingers and a thumb
Sorry to disappoint you. But gold seasonal and current COT is telling me gold needs to go down to 1184 first to finish the March low after Feb high, ( a tradition and ritual of 34 years)
Sold all majors and waiting for March low!!!!
Anything can happen. I am playing defense but that pennant or handle could break upside and go to 1400 despite COT and seasonality. We shall see. Could stay “overbought” for longer than we think.