XAUUSD Gold - 1970-2020 1W ANALYSIS

Updated
Noticed some patterns gold goes through in bowl breakouts
Lots of people get fomo'd into being a bull at high prices and they get dumped on.
Price falls back below breakout, and longs get the chop, as they shake out and good news comes in.
Leverage makes initial volatility spikes, and then it stabilizes and goes to new ATH's

snapshot

snapshot

snapshot

snapshot

This is not financial advice.
Note
Tick Tock...
Note
Some fun is headed your way.
Note
I know someone who is stupid enough to short gold right about now.
Note
1111
Elliott WaveFibonacciGoldgoldusdSupport and ResistanceXAUXAUUSD

Related publications

Disclaimer