GOLD 0.51% $1,391.7 gold futures

Yep. Chart is looking good. It's looking as bullish as the last...

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    Yep. Chart is looking good. It's looking as bullish as the last major consolidation before the final breakout of 1350. Many analysts in the media believe it's a long established consolidation phase before the next leg up and I agree. On the weekly chart - it's definitively 'coiling' as indicated by the reducing volatility and the higher lows since June 2021. I use ATR to measure volatility.

    Also agree with @Goldnumber about BTC taking a hit. Any crypto jitters may bring a few punters back to gold. However I believe BTC will always have a solid future, for the crims if nothing else.

    The consolidation was / is time to get positioned in some good goldies.
    Last edited by AdVictoriam: 28/10/21
 
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