I must say, after tracking Gold for years, I find that this year (2021) is particularly challenging...
In any case, it is now in a larger weekly triangle, and I am left wondering IF the next few weeks will see Gold shift out of the triangle and break out upwards. Watch the green circle area...
There is some serious support at 1750, but no ignition for take off - yet.
Jury is still out, and while I project, I prefer to wait a bit for this one. Gold is a longer term mover, and one that tends to be more robust in its trends. Thing is 2021 brings in new dynamics...
In any case, it is now in a larger weekly triangle, and I am left wondering IF the next few weeks will see Gold shift out of the triangle and break out upwards. Watch the green circle area...
There is some serious support at 1750, but no ignition for take off - yet.
Jury is still out, and while I project, I prefer to wait a bit for this one. Gold is a longer term mover, and one that tends to be more robust in its trends. Thing is 2021 brings in new dynamics...
