22 June 2019

Gold : SHS Bottom, Target US$1704


  • SHS bottom now formed and neckline broken, although we still need it to close this month above for confirmation.
  • Bottom formed at end of 2015 at 1046
  • Neckline 1375.
  • Magnitude of measured upmove is 329
  • Multi year target 1704.
  • This is the "Donald Trump is an Idiot" Trade.
  • [Addendum : Closed the month of Jun2019 at 1409, so breakout confirmed. Fail on a monthly close back below neckline of 1375]

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