However it may have been unexpected to some including myself, but US monetary suicide squad helped Gold easily breakout ATH and move for a new one. And apparently that wasn't enough, Gold also has crossed the middle of long-term diagonal channel as you see. A weekly close around here can confirm that. Then we should look for buying it for $2010 instead of waiting for a retest of 1920 or 1800 levels.
1800-1920 can still be retested if price drops back into this weekly channel and below the middle of long-term channel (very low probability in my opinion):
Based on fib time and the channel my target is 3500 level by the year 2023.
And failure would be a monthly or 2 weekly close below 1795 level.
Good luck :)
1800-1920 can still be retested if price drops back into this weekly channel and below the middle of long-term channel (very low probability in my opinion):
Based on fib time and the channel my target is 3500 level by the year 2023.
And failure would be a monthly or 2 weekly close below 1795 level.
Good luck :)
