Gold Price - Is It Ready To Show Some Fireworks?
Last time I posted about the gold prices on Aug. 7th. That time it decidedly broke above the long term falling wedge. The price then was about $1,176 and I expected an upward move. That really happened as gold today is very close to double top break from the June 2016 highs.
Today's Gold Price Chart - Weekly
My previous gold price chart I shared. Gold had move up by about $85 since I posted the following chart.
Do you think the gold price ready to take off? Will there be fireworks?
Yes, my dear @mathworksheets, that is quite possible. Dollar is falling from the beginning of this year, Steve Mnuchin assures Americans gold is still there, Stanley Fischer went off FED's ship of fools at the rumors of new gigantic QE, cryptocurrencies are going through the roof… Something big is coming, and the price of Gold will this time follow the events.
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Thanks a lot for your input and support my dear friend @lighteye. Right, I always thought Fisher was sailing the ship, his jumping off the ship is alarming. Thanks for your support!
God price must fall tho because it is continually mined @mathworksheets