Pass the Popcorn
Gold Monthly
Almost THERE !
This move was SO Predictable once the maginot Line at 1350 was breached.
And Most of us Predicted it !
Congrats to those who believed the charts….and have been on board the PMs since the breakout.
Absolutely one for the textbook.
Now what ?
Classic Chartology calls for a pause at least here and perhaps a violent rejection.
But right now…THIS IS FUN !
The only way I see a hard rejection from a Geopolitical point of view would be if Trump and the Chinese kiss and make up. What are the odds ?
Another crucial point. The gap up to $1550 from a few hours ago has now been filled. What next ? Fascinating week ahead.
Just the chart pattern reminds me of back test of CDNX in 2011 after falling in 2008 to low in 2010 and back test this S/R line. Rest is history.