GOLD Phase 3 Failure - Time for LIFTOFF
If you understand price patterns, one of the most important is what I call the Excess Phase Peak pattern.
You see this pattern in up trends and at the peak/start of breakdowns in price. One thing that is very critical to understand about this pattern is the failure of Phase-3 usually prompts another wave higher. At this point, Gold has stalled out near dual support and may start a very aggressive upward price trend as we near the APEX of the Pennant/Flag formation.
My research suggests an upward move (above $1870) is very likely to confirm the upper flag channel. Then price will likely stall before attempting a bigger breakout trend.
What this means is..
Just like in 2003-05, gold began a "melt up" phase after the DOT COM bubble and the early US economic recovery.
That melt-up phase culminated in a breakdown event (GFC 2008-09). Afterward, Gold skyrocketed higher (2011)
My interpretation is that Gold is acting just like the 2004~2007 MELT UP rally phase and will likely increase another 85% from current levels - yup $3800+ Gold is on the way.
Then, we enter the BIG RALLY PHASE after 2025 or so.
Follow my research.
You see this pattern in up trends and at the peak/start of breakdowns in price. One thing that is very critical to understand about this pattern is the failure of Phase-3 usually prompts another wave higher. At this point, Gold has stalled out near dual support and may start a very aggressive upward price trend as we near the APEX of the Pennant/Flag formation.
My research suggests an upward move (above $1870) is very likely to confirm the upper flag channel. Then price will likely stall before attempting a bigger breakout trend.
What this means is..
Just like in 2003-05, gold began a "melt up" phase after the DOT COM bubble and the early US economic recovery.
That melt-up phase culminated in a breakdown event (GFC 2008-09). Afterward, Gold skyrocketed higher (2011)
My interpretation is that Gold is acting just like the 2004~2007 MELT UP rally phase and will likely increase another 85% from current levels - yup $3800+ Gold is on the way.
Then, we enter the BIG RALLY PHASE after 2025 or so.
Follow my research.
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