Gold, where to now?

14 มิ.ย. 2021

3 possible scenarios;

A. Consolidate in current flag formation and then move to new highs with some further consolidation around the b1950 resistance before moving higher. Timeframe = 1 month

B. Flag breaks to downside but is supported by May/June 2019 trend, and then consolidation around resistance before moving to new all-time highs. Timeframe = 2 months

C. Flag breaks to the downside and breaks the May/June 2019 trend to downside. Falls to 50% retracement from recent highs before moving to $1950 and beyond. Timeframe = 3 months