Timonrosso

UPDATE: Gold almost VERTICAL! Target remains at $2,236

Long
COMEX_DL:GC1!   Gold Futures
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!

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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