High time frame, gold has formed a cup and handle since 2011, recently breaking out above the handle with a potential price target and all time high of $2,550 price target.
Currently rising above 20 EMA, continuing to reflect strength in face of extreme market uncertainty, runaway inflation, impending FED rate hikes, and rising bond yields.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.