The bull flag breakout, I posted has failed…

But the larger triangle formation is still valid. If we don’t break out this week, we could see a drop of $50 or more…

This isn’t the first time we’ve been at the start of a gold bull cycle and seen this chart formation…

And there’s still one piece of good news. The breakout is still holding on the daily chart…

Lets see where we close the week. I’m off for a nightcap 😉