derfreietrader

The golden Spot? It could happen this time

Long
FX:XAUUSD   Gold Spot / U.S. Dollar

We are about to break out of a massive triangle in the gold chart and the tensions all over could really lead to the ending of this all over 5 years formation. Buuuutttt, we could also see a pull back to around 1240$ before we break out. It starts to squeeze more and more and the blow will be massive. Countries like china and russia buying record amounts of physical metal so there will something occur.

Lets see and like always this is only my opinion so make your own research

May the markets be with you

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