Higher High
Looks like we finally go our Higher High in Gold
Plunger’s Matterhorn has been exceeded
Great call Plunger and Graddhy and pass the popcorn
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Loading ...FENBENDAZOLE AND TURBO CANCER
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PRE EXISTING T CELL IMMUNITY
THE SPANISH FLU OF 1918
THE ORIGINS OF COVID
POSTING INFORMATION
So the next target is Matterhorn 2 – Mount Blanc maybe? The 2014 high at $1393. Similar to Ackerman’s target of $1380 whatever and a target I had at $1384 which was actually by doing a Rock Ackerman type ABCD pattern. I was just copying his style.
$1400+ would take gold into a major uptrending channel pitchfork. I think that level will be key resistance. Either it will repel gold back down or maybe it will blast straight through it. If it takes a long time to get to $1400, the target will have moved up a bit because of the upsloping nature of the large bullish channel. I wonder if gold will get there when this old uptrend channel has its floor at $1434, which is a key level for gold (2010 high and the 2013 post crash rally high). $1434 also saw the major change in behaviour from bull market to mania on the way up in 2010-2011. All the action over $434 was bubble action really. Next time $1434 is exceeded, it needs to be sustained bull market action.
All conjecture though.
Rick Ackerman