Social Networks

#GOLD dropped from the $3,450 resistance back toward the support of the ascending triangle.

The price range is tightening as the triangle nears its apex.

This consolidation is increasing price compression, and the breakout will likely be explosive.

#GOLD charts a path toward a parabolic surge.

With no major corrections in sight, the price may continue climbing amid global economic and geopolitical tensions.

#GOLD pulled back from the key $3,450 level, which is normal and expected.

However, the long-term outlook remains bullish.

The breakout above $2,075 was a major move that opened the door for a potential parabolic surge in gold prices.