GOLD UP MORE AND THEN DOWN AGAIN BEFORE REAL RALLY
IF BULL THESIS IS TRUE (BULL MARKET FOR GOLD), GOLD SHOULD TAG 2025 IN 10 DAYS, NEW HIGH POSSIBLE. THAT SAID, IT WILL BE SOLD DOWN AGAIN BEFORE THE TRUE RALLY STARTS.
Notes: First, for those who care, this chart is GC and not XAUUSD. In gold correction through November, I've made exciting improvements after spending a great deal of time on noise separation tactics. So what is not noise then?? There should be a stronger tail to this move that completes relatively soon. Expectations is 2025+. Long term curves 500 days and longer say 2080 is possible before 01/18, short term curves under 200 days DOES NOT AGREE NOR DISAGREE, and immediate term curves say higher than 1990, 2020 possible.
In volume, spot is strongest followed by futures and GLD etf. But none of the three is in breakout position. Averaging everything says we should see spike up and spike down for next 5 weeks or more. So high 2025 or higher, followed by pullback. Low determined by high. So if high 2025, low 1875 or lower. If high 2075, maybe 1920, we will see.
Notes: First, for those who care, this chart is GC and not XAUUSD. In gold correction through November, I've made exciting improvements after spending a great deal of time on noise separation tactics. So what is not noise then?? There should be a stronger tail to this move that completes relatively soon. Expectations is 2025+. Long term curves 500 days and longer say 2080 is possible before 01/18, short term curves under 200 days DOES NOT AGREE NOR DISAGREE, and immediate term curves say higher than 1990, 2020 possible.
In volume, spot is strongest followed by futures and GLD etf. But none of the three is in breakout position. Averaging everything says we should see spike up and spike down for next 5 weeks or more. So high 2025 or higher, followed by pullback. Low determined by high. So if high 2025, low 1875 or lower. If high 2075, maybe 1920, we will see.
Note
BTW, I consider all the trends and proportions. This is type 2 on daily, zoom out of chart above:
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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.