Au Weekly Chart

This chart first appeared in NFTRH172, and was marked up with the little H&S-like schematic in NFTRH177 3 weeks ago.  It is not a potential H&S though, because it did not follow a DOWN TREND.  It is more of a potential Cup but same diff, it is a bullish pattern and the target is 2050.

This 'H&S' scenario is now starting to make the rounds on the internet and it will be interesting to see if a legion of charties can will it into existence.  Of more importance, the weekly EMA 70 shows why we just yawn when the 'gold's bull market is over!' crowd starts getting all worked up.

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