Looks like Gold is about to retest old highs

7 дек. 2020 г.

The 20 day EMA is about to break through the 50 day EMA. It has been trading steadily over its 200 day EMA. It has been moving in line with its RSI and its RSI is heading upwards. I believe it is a sign of strength, not a sign of being overbought. A head-and-shoulders is forming. If it breaks through its old high then it could reach new highs. Possibly a $2,500 price target. With stimulus on the way, this is a perfect time to get long.