Some analysis based on previous cycle. Time analysis: GFC started mid 2007, took us about 8 months for gold to peak, then 9 months of correction before starting new bull cycle to $1920. This time it took us about 6 months to reach new ATH. If the history repeats, I expect our bottom to be around Mar-Apr 2021, after Biden started his US presidency. Price: Last time...
I'm not convinced that we are mooning yet, still within the wood. Will look for a swing short soon once it shows weaknesses
7th touch on weekly support 104.5. The more times it touches, the more likely it's gonna break. If weekly candle closes below support and can't reclaim that level quick, I will be looking to short and hold the position for a while.