Gold about to break out from $ 2000/oz level for good
Gold is making momentum to break up from the $2000 resistance for good.
In my opinion, if the 21EMA (green) stays above the 50 EMA (purple) it will likely get above the 2000 mark again and reach heights of $ 2700 rapidly and then it could go fast.
Above this pattern is a repetition: compare the blue rectangulars.
If we pass the 2000 mark again, we can say we are in a bullflag with upside momentum, certainly 2600-2800 range.
In my opinion, if the 21EMA (green) stays above the 50 EMA (purple) it will likely get above the 2000 mark again and reach heights of $ 2700 rapidly and then it could go fast.
Above this pattern is a repetition: compare the blue rectangulars.
If we pass the 2000 mark again, we can say we are in a bullflag with upside momentum, certainly 2600-2800 range.