Some notes which can be used as arguments to the bullish outlook:
My expectation are that by the end of this year if not by middle of next year that the 80$ price target will be reached. There is a small stop at 65$ but I am highly doubtful we will stay a lot of time there.
- The stock is above the 200D and even the 200W EMA.
- Large inverted head and shoulders structure which presents an opportunity leading up to 80$ which also turns out to be the resistance level tested in 1987 and 2022.
- Locally looks like someone has been accumulating.
- Gold's bullish price into price discovery, geo-political uncertainty only re-affirms the thesis.
My expectation are that by the end of this year if not by middle of next year that the 80$ price target will be reached. There is a small stop at 65$ but I am highly doubtful we will stay a lot of time there.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.