Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold Market Opening
Gold Gets Ready to Take out $2,000 /.oz
October 26, 2023 - (Gold Market Wire) - The Gold Bugs are about to have their day in the sun. And it has been a long time coming. The Mid East war that s waiting in the wings was the final push that will shortly take us over $2,000. This time, we look likely to follow through to the upside. The chart pattern we described over a week ago as potential slingshot was the real deal. This formation tends to foreshadow a serious upside move - and we look like we are going to get it... above and beyond what we have already seen.
![](https://assets-global.website-files.com/5d754afa7a6dfa49fd253976/653a2142b40db891b7be2a29_Screenshot%202023-10-26%20at%2008.13.06.png)
![](https://assets-global.website-files.com/5d754afa7a6dfa49fd253976/653a1fe6980d82bc7bd7f38f_Screenshot%202023-10-26%20at%2008.14.37.png)
And there we have it.
Enjoy the ride...take profits when the power up-trend fails, on the trading position. Hang on to the core position. This is likely to be a multi-year move into the 2,000s and probably above.