Gold

I wanted to give you an update on gold.

It appears that indeed gold did trace a triangle and has decisively broken free over the last two days.

The "thrust" took a couple of days to get in gear, but looks to be in full swing now. Price took out and closed the 993.60 pivot. Next up is the 1015 H, or minor A.

The triangle measures to 1076.80. C = A at 1248.40, while C = 61.8% of A at 1127.60.

It is early in this leg. There should be new all-time highs attained if price reaches its target. I will look for a backtest of the upper boundary line for a potential long setup.

All prices basis December.