looks like we are heading up towards the top of this channel
1850 gold seems to be the magic number we have to keep our eye on here. A break below puts 1795 on the table and does long term damage to the chart. Provided we get back to and stay above the key level of 1900, we should be back on track here. Normally a cup and handle chart pattern takes a long period of consolidation of up to a year to build out the handle, but with 3.2 Trillion on the table, I don't see that happening. We are heading smack into gold season after this period of consolidation and it looks like we are headed back to $6.30 here and then higher.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.