Auguraltrader

Gold... it is time.

Long
COMEX:GC1!   Futures Oro
Previously, as expected Gold to run up in April 2021, it did.

Now, it broke out of a channel, and made the first run.
The weekly chart is showing another robust up trend, but the daily chart signals time for a mild retracement.
I suppose one could see this as an opportunity.

Marked out the bounce area and the target of 2100 as well. This is a multiyear cup and handle formation, so... guess where the 1.9T is going?

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