Is gold ready to trend higher?
https://likesmoneycycletrading.blog/
Gold breached the upper stem of the triangle consolidation on Thursday. Any bullish follow through should send gold on a trending move.
https://likesmoneycycletrading.blog/
Gold breached the upper stem of the triangle consolidation on Thursday. Any bullish follow through should send gold on a trending move.
PK, I’ll do you one even better. That would be the weekly Bollinger Bands. They are in a very narrow contraction. This chart shows just how much. The BB Width measure (Thick Red Circle) shows its getting close to as tight as it gets. The stochastic has already begun to turn up meaning the fuse is now lite. Give it 1-3 weeks in my view and its going to explode in one direction or the other (you decide).
https://stockcharts.com/h-sc/ui?&s=%24GOLD&p=W&yr=6&mn=0&dy=0&id=p64648201358&listNum=212&a=1056471147
Thanks Plunger. I like this- “the fuse is now lite”
Nice Chart PK
Always happy to “see” You
cheers
Fully