Gold is on the rise

Hey!

I just quickly want to recap what might be happening on GLD now!

• It is forming a very often seen breakout formation.
  
• While I'm speaking it's already moving higher.
  
• I believe that if the white box is left, it's a good place to buy.
  

The two red lines are support 'areas' that I use to predict possible changes in the price.

If price does break out, I can easily see it going to the previous high - 1263 - with a stop at 1257.

Komen:

We are getting closer to the upside of the white box. Watch out.

Komen:

AND THE BREAKOUT HAPPENED! Let's see if we reach the targets.

Komen:

1256-1257 is the first target before 1263

Komen:

Once again, the prediction was correct. First target was hit.

Komen:

Now we're track on to hit the second target.