infinitegainz

Gold on a Generational Breakout

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold broke through it's monthly trend, and is now blasting off to the moon, could it be due to israel and Iran and global conflicts ? Maybe, but gold has been holding it's own against the markets for a long time, we're seeing the equity markets at all time high at the same time as gold ! now when the markets cool off, gold has a big opportunity here to blast off. I think we might get smacked down around 2600 area to go and retest the breakout, before we're off to the races again, but this thing looks invincible.
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