Gold Has Room To $150

I dug out a chart that I posted two weeks ago: The inverse head & shoulders pattern currently in play in Gold (GLD).

What's making this setup juicy is that Gold broke higher out of the resistance area around $140 (thin red line), retested it, and now seems to be breaking higher.  The move I see works up to $150

It's a pretty busy chart I know but you can see how technically nice this setup looks and how well Gold has been bought up each time it retraced.

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