As you can see by the chart gold have broken the 4 day flag pattern and moved up and broke the weekly channel! i now believe gold will continue up beacuse of hedge fund managers scaling into gold after selling off positions to hedge and compensate for some of the losses that have happend during this bear market in the US! US is also pumping a lot of money into the system which in theory should inflate the currency prices and move the gold even further up!
Thank you and stay awesome!
Thank you and stay awesome!
Comment:
GOLD MOVING AS EXPECTED!