PoundFoolish

Bullish on Gold. Lets make shiny metals cool again.

Long
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
With inflation fears finally coming to public awareness, and every commodity in the world besides gold and silver gaining astronomically, it's due time that the shiny metal store of value catches up a bit. Here we are breaking out of a 9 month channel, forming a large bullflag. Using fibonacci projection as a target that puts us around 2700 for the next macro top.
We're breaking out now- if inflation panic starts this could go further.
Loading up on gold miners. $BTG for the win.
Disclaimer

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.