Gold Spot / U.S. DollarUpdated Gold could see a Major Decline before a major push higher.
Here is a comparison of the bull run that broke the 1980 previous ATH.
Notice any similarities.
We could see a major push down in gold before we see another major continuation of this possible bull run.
Notice any similarities.
We could see a major push down in gold before we see another major continuation of this possible bull run.
Note
Look at the similarities here. Look at the square ups..
Note
This is not a prediction or anything. This is simply just going off of fractals of history. Interesting to look at. Watch the DXY, it could give us this push down in gold VERY easily.
Note
Keep in mind that even if we see a major correction to the spot price of gold, I think that premiums may hold up well throughout the downturn. Only time will tell.
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thetradeschool.net/courses/placement-exam-fast-start-to-trading/ -College Level courses I dare you to take the pretest! See what u know free!
Reach out for a discount code for our beginner course!
Reach out for a discount code for our beginner course!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.