RE: Russian invasion: paper vs physical27 Feb 2022 14:46
On the daily chart, even with yesterday’s action, the short, medium and long-term averages are all sloping up and in golden alignment. The trend is up.
On a weekly chart the averages have all coiled and converged, they are starting to slope up and gold is starting to break out.
On the monthly chart, we have the most beautiful of cup-and-handle set-ups formed over 11 years. This is widely agreed to be a bullish price pattern.