Came across this interesting idea and thought I'd share it with you all.
Gold repeating similar patter against the same trendline dating back to 2013. We can see almost exact price movement circled in blue.
If this trend line acts as resistence I will expect an ugly two years of downward movement from here. The fractal shows price hitting 0.5 on Fib Extension which is a once it has bottomed.
Let me know what your thoughts are. Wishing you all great success.
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