Gold Touched My Final Target Down Today!
Trading Fam,
Patience pays off. After a long wait, Gold has touched my Target 2 briefly and then quickly bounced. Will it settle in the zone? Unknown. That is why I have started DCA between Downside Target 1 and Downside Target 2. This is not the end of the gold run. The U.S. dollar will continue to devalue, increasing inflationary pressure and concerns.
A breakout of the triangle to the upside at some point in the future could easily give us a double-top and a fairly safe target to bet on at around $5600. Personally, I think we’ll go even higher. And maybe even before the year ends! The fact that gold has the volatility of a shitcoin should show us all how uncertain this market (and geopolitical reality) actually is. It is all truly remarkable to witness.
Take care, my friends. And happy trading.
✌️Stew


