Gold is flying. Macroscopic 3 Month zoom.
The Gold party is still healty? 15 days are left for this 3M session to close and still has not found Its ATH high. lets see where this candle close.
Taking a look at this giant timeframe trying to give some insightful notations.
The big bullflag breakout has been impressive, since it broke the last all time high in Friday 07 August 20' at $2,075 price has not looked back.
Giving outstanding returns from its last 3M higher low at $1,810 with a stairstep fashion during almost 12 months the top is not in sight and the uptrend is the best example of a strong one! How high can we go?
Answer is very high!
Twelve days are left for an entire year cicle favoring the bulls and It seems like the party has not finished.
Gold started a 3 Month uptrend, It broke a 3M triple top at $2,075 shaped by the bullflag. Spawned as the last All Time High four years ago and staying in play for 45 months.
The last time Gold started a 3M uptrend, It happened at Thursday 20 Jun '19 around $1,375. Counting the candles for this 3M timeframe, from the last swing higher low at $1,160 the result is 7 consecutive sessions favoring convincingly the bulls. That is 21 months or almost two years.
How long this current Gold bull market will last?
Answer is I dont know.
I will be looking for clues and hints for temporary tops in lower timeframes.
Taking a look at this giant timeframe trying to give some insightful notations.
The big bullflag breakout has been impressive, since it broke the last all time high in Friday 07 August 20' at $2,075 price has not looked back.
Giving outstanding returns from its last 3M higher low at $1,810 with a stairstep fashion during almost 12 months the top is not in sight and the uptrend is the best example of a strong one! How high can we go?
Answer is very high!
Twelve days are left for an entire year cicle favoring the bulls and It seems like the party has not finished.
Gold started a 3 Month uptrend, It broke a 3M triple top at $2,075 shaped by the bullflag. Spawned as the last All Time High four years ago and staying in play for 45 months.
The last time Gold started a 3M uptrend, It happened at Thursday 20 Jun '19 around $1,375. Counting the candles for this 3M timeframe, from the last swing higher low at $1,160 the result is 7 consecutive sessions favoring convincingly the bulls. That is 21 months or almost two years.
How long this current Gold bull market will last?
Answer is I dont know.
I will be looking for clues and hints for temporary tops in lower timeframes.
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