As you can see from the last update, Gold has decided to push higher towards our 'Option 2' scenario. We've seen huge bullish momentum since the start of this year, which I'm viewing as liquidity grab for the year, before it can move down.
Gold is creating an 'Extended Flat Correction' hence why we are seeing such a long consolidation. Have to learn to exercise patience in these slow market conditions.
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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.