“John Feneck Hints at ‘Beautiful’ Gold Setup: All-time High Price Coming Soon!

John Feneck’s Gold Setup is Beautiful; New All Time High to Come Investor John Feneck has recently outlined his latest gold setup, and it looks beautiful and quite bullish. He believes that gold will see a new all-time high before the end of 2021. Gold has been on a positive streak in 2021, with the gold spot price rising to the highest levels since 2012. Fear of inflation due to increased government spending, a weakening US dollar, and safe-haven buying have all played their part in pushing gold higher. John Feneck believes there are more great gains ahead for gold. He has posted a chart of a recent “gold setup” which looks very bullish. The chart shows gold rising close to a double top formation before reversing and consolidating within a triangle formation. This has been followed by a fresh wave of buying that has pushed gold higher yet again. Feneck believes this confirms a golden triangle breakout, setting up conditions for a new all-time high. Feneck acknowledges that there are still risks in the gold market, such as a strong US dollar or rising interest rates. However, he believes that gold is driven by real monetary fundamentals, and this makes it less vulnerable to the short-term swings of the financial markets. He notes that the gold setup looks “too good” to ignore, and he advises investors to keep an eye on gold in the coming months. Indeed, John Feneck’s setup looks incredibly attractive. This could be a sign that gold is poised to reach a new all-time high before the end of 2021. Investors would be wise to keep a close eye on gold and start looking for potential opportunities. Who knows, if Feneck’s setup is correct, investors could be looking at tremendous gains.