If you take a step back and look at gold, you can see a nice cup and handle formation on the weekly/monthly chart. Could we be setting up for a 
GLD 
GOLD rush?
While I have gold in my portfolio, I am no longer a gold bug. After studying it enough, call it God's money or what, I look at trends to see how the underlying pattern evolves.
What do you think? Could we see a new high in gold at around $2,500?
P.S. With all the currency printing being done by the US, could people be hedging for hyperinflation?
GLD GOLD rush?While I have gold in my portfolio, I am no longer a gold bug. After studying it enough, call it God's money or what, I look at trends to see how the underlying pattern evolves.
What do you think? Could we see a new high in gold at around $2,500?
P.S. With all the currency printing being done by the US, could people be hedging for hyperinflation?
Not
P.P.S. The $2,500 level is close to the 1.272 fibonacci level of $2,470 - incase it wasn't clear to see.
Be Bold.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Be Bold.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.