What a Golden Bull Flag..?
Posted: Sun Apr 02, 2023 2:30 pm
Just look at the confluences in the long term charts here ... this is the weekly going back to 2005
I'm obviously no chartist, but you can clearly see a repeat of that 2008-2010 consolidation, bull flag and breakout formation...
That time gold doubled from $1000 to $2000…
Could $3500-4000 gold be on in short order - it took 2 years in 2010?
Next stop: $2300-2400k IMO if this bull flag breaks to the upside.
Jeez - look at it close up - stunning formation... Now with tonights news ... that Saudi is moving against the US, with the OPEC oil production Cuts, major geopolitical tension and pressure should break this northwards and fast. I mean, are we saying that Saudi is indirectly hurting the US consumer, and at the same time helping Russia's warchest budget..?
Cos it sure looks that way.
That time gold doubled from $1000 to $2000…
Could $3500-4000 gold be on in short order - it took 2 years in 2010?
Next stop: $2300-2400k IMO if this bull flag breaks to the upside.
Jeez - look at it close up - stunning formation... Now with tonights news ... that Saudi is moving against the US, with the OPEC oil production Cuts, major geopolitical tension and pressure should break this northwards and fast. I mean, are we saying that Saudi is indirectly hurting the US consumer, and at the same time helping Russia's warchest budget..?
Cos it sure looks that way.