If we take a look at the USD gold chart for a change, then we see a potential bear pennant formation. Taking the flag pole length as 275. And the downward breakout occurred at 1350, then potential downside target around 1350-275=1075.
So, yes goblin, potential is there for $1000 USD gold.
But sometimes, breakouts have occurred to the upside.
I wonder what AUD gold price will be if USD gold went to $1000.
ncm in the $10's!, page-23
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