UPDATE: Gold almost VERTICAL! Target remains at $2,236
Gold has been moving very nicely this year.
First it broke out of a MASSIVE Symmetrical Triangle that lasted an entire year of sideways movements.
Then it shot up, formed a W Formation and then just rallied up with a high inclination.
I'm talking over 60 degrees up. So, the momentum is strong (bubble style) but still strong. And the target remains at $2,236.
We could then get some consolidation and some steam off by SMart Money, before the buying saga continues.
I'm a raging gold bull!
First it broke out of a MASSIVE Symmetrical Triangle that lasted an entire year of sideways movements.
Then it shot up, formed a W Formation and then just rallied up with a high inclination.
I'm talking over 60 degrees up. So, the momentum is strong (bubble style) but still strong. And the target remains at $2,236.
We could then get some consolidation and some steam off by SMart Money, before the buying saga continues.
I'm a raging gold bull!
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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