Tavi Costa, the gold analyst for Godzillanewz.com, recently shared his thoughts on the current trend of gold prices. He believes that a gold price breakout is inevitable at some point, and traders should continue to focus on the metal to benefit from it.
According to Costa, the gold market has been relatively steady for the past six months. Although the price of gold has fluctuated within a narrow trading range, it hasn’t experienced a breakout, despite strong fundamentals and bullish sentiment. He believes that the market is setting up for a significant move higher, and it’s only a matter of time before gold breaks out of its current pattern.
Costa believes that traders should remain focused on the gold market and take advantage of a breakout when it comes. He suggests that traders use technical analysis to identify and confirm reliable support and resistance levels in order to successfully bet on a breakout. By doing so, traders could potentially make a significant return if the gold price rises above its current levels.
Overall, Tavi Costa believes that a gold price breakout is inevitable, and traders should keep their eyes on the market in order to capitalize on the opportunity. By following his advice and doing the necessary research, traders could potentially make a significant sum when the bull market starts and gold breaks out of its range.
