GOLD - SAFE HAVEN -
Added 2024-01-26 22:43:42 +0000 UTCGold is in the sweet spot right now between the top of the ascending triangle and breaking out above its ATH line and holding a higher support.....this looks like an accumulation phase now.
The price is still above the 50 and 200 MA on the weekly chart...I suspect it will stay put here while the market continues to push higher.....when we see this breaking out and making a higher high, I believe this is an indication that the market may be running out of steam and a correction is coming very soon.
Comments
Any specific ticker u like ? $GOLD $GLD
Yasser Etman
2024-01-26 23:23:23 +0000 UTC
