Gold's Golden Rule Of 89% (Pack Your Bags For Big Ride)

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold's Golden Rule Of 89%

Golden history of last 50 years have shown that Gold has give big move whenever there is a minimum 89% move from bottom. Chart is self explanatory. There are three successful incident of min 89% move and two unsuccessful incident of less than 89% move.

Successful Incidents

1. 1970 - 1972
2. 1976 - 1978
3. 1999 - 2005

Unsuccessful Incidents

1. 1982 - 1983
2. 1985 - 1987

Fourth move in the making from 2015 - till date. So Gold is getting ready to fly again.

Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.

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