On the next two weeks, I'll be carefully watching Gold to see any breakouts of the channel.
For a reminder, the channeling we were into since the peak above 2065US$ / OZ early August was made possible by a combination of flows going into risk assets.
I was watching carefully 1860 as it was a possible turn around. Indeed, it was the price pre-covid as well as a strong weekly horizontal support.
Double bottoms made followed by a break out
I do think we saw the lows at 1860 for some months / years and the inflation fears appearing.
Looking to build more position on the break out.
Currently still long Silver.
For a reminder, the channeling we were into since the peak above 2065US$ / OZ early August was made possible by a combination of flows going into risk assets.
I was watching carefully 1860 as it was a possible turn around. Indeed, it was the price pre-covid as well as a strong weekly horizontal support.
Double bottoms made followed by a break out
I do think we saw the lows at 1860 for some months / years and the inflation fears appearing.
Looking to build more position on the break out.
Currently still long Silver.