🚨 Gold's Next Move: Impulse Breakout - Chris Vermeulen #shorts
Chris Vermeulen argues gold needs a clean technical impulse breakout: a strong move through two prior resistance levels, followed by a pause/pullback, would signal momentum is shifting from lower highs/lower lows into a higher-high/higher-low structure. He frames the current area as an advance that still needs confirmation before the next leg higher begins. He cites roughly $4,000/oz as the current level and says gold would need to break about $4,600/oz to confirm the breakout. In his view, a successful break and retest would set up a classic bull-flag continuation, with the pullback offering an entry before the next run. Near term, the message is bullish but conditional: traders should watch for follow-through through the prior highs, then a consolidation that holds above breakout support. If gold stalls before $4,600, the move remains an unconfirmed trend extension rather than a full momentum shift.