Gold Spot / U.S. DollarUpdated PRS#4 DERIVATIVE MAP TO 7/29, ONE MORE ZIG & ONE MORE ZAG
IF WE DON'T TOP ON MONDAY, WE WILL FOR SURE ON WEDNESDAY. YOU SHOULD GET SITUATED FOR FOMC ON 7/29.
That's because I believe it's an important entry for the following 5 weeks which will see all time high in gold prices. Before we get there though, I'm looking at a 40+ pt drop leading into FOMC. The annoying part is I can't tell if it's from 1830 or 1845. This depends on the price action on Wednesday that will ultimately determine the discount we get next weekend (somewhere between 1790 and 1810. That said, PRS fully expects a 2K+ price in September.
That's because I believe it's an important entry for the following 5 weeks which will see all time high in gold prices. Before we get there though, I'm looking at a 40+ pt drop leading into FOMC. The annoying part is I can't tell if it's from 1830 or 1845. This depends on the price action on Wednesday that will ultimately determine the discount we get next weekend (somewhere between 1790 and 1810. That said, PRS fully expects a 2K+ price in September.
Note
BTW, the blue line is the more aggressive route. I haven't done the math on which one is more favored. All this, of course, notwithstanding a middle east war breakout.
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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.