This article is translated from English
Prices remain high as inflation concerns, political differences and the possibility of international war linger on the horizon.
With uncertainty still on the horizon, buyers continue to chase prices higher.
Today, we’re revisiting a style we’ve highlighted many times over the past five years: the mug with handle.
Below is a long-term “monthly” chart for gold that highlights the pattern. Note that just last month, aGold closed at an all-time high monthly and quarterly at (1).
This prompts the gold bulls to see if this is the major breakout they have been waiting for.
If so, The first target for the bullish price (1.618 Fibonacci level) is located at 3000 . This level is about 50% higher. Stay tuned!
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