Investing.com investing.com 12 Jan, 2021 23:00 am

Here’s Why Gold Could Be Headed To $3,000

Here’s Why Gold Could Be Headed To $3,000
Commodities Analysis by Chris Kimble covering: XAU/USD, Gold Futures. Read Chris Kimble's latest article on Investing.com

In the spring of 2020, I highlighted the potential for a very bullish long-term pattern for gold .As we noted back in the spring of 2020, the Fibonacci symmetry of this cup formation is very intriguing.2% Fibonacci of the “cup” formation would be an ideal spot for the “handle” to form.Does gold need to form a “handle” before moving higher?

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