Pennants appear at about the halfway point of moves. To be conservative, I'm using $26 dollars as the break out from the down trend and then the previous peak high of 40.17 as the end of the move. This gives a move of $14 which is then added to $40. The measured move then becomes $54 which is the next target price.
I don't expect this to be anything at all like a straight line move as the gold ETF's have proven to be extremely volatile but when this reaches $54, if in fact it actually does, I expect another consolidation period perhaps in the form of a pennant or bull flag.
BTW, the charts of
XAU, 
HUI, and GDX all look the same and all broke out today.
GL
I don't expect this to be anything at all like a straight line move as the gold ETF's have proven to be extremely volatile but when this reaches $54, if in fact it actually does, I expect another consolidation period perhaps in the form of a pennant or bull flag.
BTW, the charts of
XAU, HUI, and GDX all look the same and all broke out today.GL
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.