Gold Daily
Any way we slice it …the line is rather obvious
Horizontal resistance trumps angled trend lines in general
So…we need 1300 confirmed BUT then we really need 1310 confirmed .
The angle of attack is steep yet again
and its getting a little late to push these levels in the short term
PS….One striking thing on this chart. in Gold the Turns are NOT subtle…The Price stops going up and then just turns on a dime….every single time…look at these waves…there is nothing Round about them…no wonder we are all sea sick.
sheesh
FGC – nice little cup-n-handle to my old eyes! I think surprises will be on the upside, FWIW
Good Eyes PP
The handle is getting a little heavy though….hope you are right but looks quite tippy
🙂