RE:RE:RE:RE:By the numbersLooks more like short term flag pattern to me. Gold has no where to go but up. It's very unfortunate that we've come to this crossroads but lets be realistic and assume that we have failed to eliminate the coronavirus. The government has at best delayed the inevitable and is now forced to choose between the general populations health and well being of the economy.
The repercussions of which is likely going to be two fold:
1) more people will be sick
2) more money will be printed (inflation)
Down the road this stopover/battle at 1700 is going to look insignificant.
Gold is still cheap.
dollpartz wrote:
Then of course if Gold were to bust the triangle upward that would be good ... that would require closes above $1720 .. what's my point, well basically technically things are playing out first ... like watch the gold triangle and the support, and the lower highs and if that continues or not. Sorry for all the posts but I can't edit here.