Gold: The intermediate cycle wipeout
Gold has made a clear failed cycle, indicating lower prices.
We've had a rally up to recent highs, printing a triple top and everyone are long because of "corona fundamentals".
What fundamentals is that? On the corona outbreak, gold plummeted. That's your protection right there for lower prices!
Im expecting a 5 move down sequence to begin with.
Chart is mostly for timing demonstration, not price. I just made an assumption that we are getting a 1.618-wave, but if gold is to follow Silver's beautiful example. Well, take a look at that chart :-)
We've had a rally up to recent highs, printing a triple top and everyone are long because of "corona fundamentals".
What fundamentals is that? On the corona outbreak, gold plummeted. That's your protection right there for lower prices!
Im expecting a 5 move down sequence to begin with.
Chart is mostly for timing demonstration, not price. I just made an assumption that we are getting a 1.618-wave, but if gold is to follow Silver's beautiful example. Well, take a look at that chart :-)
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