Gold Has Awakened. Big Picture Target 2200
Well, Looks like King Gold has awakened
after a long consolidation/slumber.
Convincingly broke long down .
Fear increasing in the markets.
Fits the Geo Political and Inflationary environment.
It should only have small pullbacks at the Targets.
Those pullbacks will be buying opportunities.
I think Gold could be starting a strong Bull cycle.
If so,the Fibonacci 1.27 extension above last
major High of Aug 2020 is 2200.
So, I’ll target that and try to stay with the trend.
GLD Long calls will work.
Oh… Cycle started Feb 16. Beware the moon.