Gold surge is mostly because of war concerns, trump assuming office will provide us peace in the long run.. we have a structural edge with 2 sizes
1 is already confirmed and the 2nd one is theorized.
now that we break and lose levels below the neckline we will visit the larger structure pattern for the right shoulder. a bearmarket rally to the right should should provide the test and confirmation for a larger distribution on a larger scale.
my home run is on 2400 area but i will take profit on any major levels and keep my position running and hedge ofc against it.
GL to all traders and investors.