Golden rally with two power bull breakout patterns
The gold price is looking exquisite for upside.
Not only do we have a Symmetrical Triangle where the price has broken for the first time since March 2023.
We have a more recent Rounding Bottom which is showing strong upside to come for the precious metal.
RIght now, going long gold and golden stocks are a great hedge for the markets.
My target remains at $2,169 from the last analysis I did on the shiny gold beauty.
Not only do we have a Symmetrical Triangle where the price has broken for the first time since March 2023.
We have a more recent Rounding Bottom which is showing strong upside to come for the precious metal.
RIght now, going long gold and golden stocks are a great hedge for the markets.
My target remains at $2,169 from the last analysis I did on the shiny gold beauty.
✅ 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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