if we are witnessing a bull flag on the weekly, and, excuse me for relying on the diagonal uptrend underneath as I say this AJ/Wombat but that helps form part of my timing here.
There is little room left to the right ATM if that diagonal will hold, so breakout/up would need to occur in the next two weeks, meaning we can't afford much more downside in POG from here. (just the way I see it)
Confirmation will be pretty obvious in the next days/fortnight or so.
as for the target, going on this link, probably around $1,515.
with the flagpole being $175 in height, (low of $1,200 (end of May's low) to the high of $1,375 (start of July), and breakout next fortnight from roughly $1,340.
I don't consider myself an expert by any means, but keen to hear other thoughts on this bull flag.
(maybe someone else out there better than me sees something wrong in my reasoning here, I'm just trying to figure this all out using the link.
but that helps form part of my timing here.
