Gold upside is capped
Aktualisiert
Risks of war dissipating (it was overblown in the first place) and Trump impeachment unlikely. Technical wise, gold price will be capped as seen with the sharp turn around 1265. Watch for PA, and short from 1257 for a target of 1224 and beyond.
Anmerkung
Gold traversed along the trend line and broke the upper line for a couple of hours; making a flag before falling back. It hasn't made a new higher and could not break the 1264-1265 resistance still. Still waiting.Anmerkung
Congratulations to those who shorted when gold broke trend line. Let's watch what it does as it retest that trend line.Anmerkung
Zooming out. If gold ever gets to 1100, please buy a lot of it. The RR would be irresistible. 
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