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Gold Futures
Long

Gold to 2500 USD

162
Nice confluence of fib extensions/projections at $2,500.00 USD. Also terminates right at the upper band of the trend from 1980 and 2011 (not drawn) when viewed on a log scale. I believe gold is finishing up a symmetrical triangle from early Aug. '20, and before continuing it's parabolic move up. If so, get ready for some fireworks!
mikemo81
Elliott WaveFibonacciGC1! (Gold Futures)GLDGoldpreciousmetalsSLVTriangle

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Elliott WaveFibonacciGC1! (Gold Futures)GLDGoldpreciousmetalsSLVTriangle
mikemo81

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.