GOLD, preppin tarmac for the next FLIGHT season from here 2980GOLD has been breaking expectations the last few weeks with constant ATH breaks and parabolic surges since last year -- overtaking most risk-on assets in the field and for good reason. I can't say enough fundamental reasons because they are too far many -- which all favors GOLD's ultra ascend.
After tapping its ATH peak at 3167, gold finally retreated for a healthy trim down following the markets RED pressure. It tapped 61.8 fib levels to touch 2979 zone -- an almost a 2000 pip drop.
This area is where most buyers converge. And based on our latest metrics from the diagram -- we are now starting a new transitional phase, and prep work for the next BIG SHIFT. It is currently commencing as we speak.
This transition shifts only comes once every 6 months -- so this occasion is very rare specially to those who seek to get the best seasonal price (post correction).
*Disclaimer, we may see some bargain overextension moves from here -- but those are good opportunities to stack up if it gives more discount ranges.
Ideal seed at the current range. A retap of the ATH peak -- and go beyond further is expected from the higher basing zone.
Last chance to grab this rare discount season.
Spotted at 2980.
Interim at 3167 (current) ATH
Mid 3300
Long term 4000.
TAYOR. Trade safely.
