The Long Investor
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GOLD - SAFE HAVEN -
🕑 Added 2025-02-26 12:53:42 +0000 UTCHas this been the best looking bullish ascending triangle breakout you have ever seen?
A formation that took 22 years to form, and as soon as there was a breakout last year at $2100, the price aggressively bounced to $2923 today in 12 months.
Big test coming up at the First Target and Psychological level at $3000, rejecting here and a retest of the 50 Day MA next at $2500 may be needed but flipping this level to support and the Second Target comes into play at $3800.
Comments
Kevin Harris
I'll be getting a little more physical gold at the 50 - thanks!
Nilkumaar Patel
Thanks Cap! Looks like it will go to 2nd target due to Trade/ global demand. Can you please explain impact of Trump Audit on Gold price?
