Gold showing a rare & bearish MA pattern

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Gold has a unique pattern in its daily Moving Averages
20 & 50 daily MA's are encapsulated within the 100 and 200, the short term ones are pointing down and they are all relatively equidistant. From what I can see this has only really happened a few times.

April 1996 and it signaled a 3 year bear market with a 35% slide anlık görüntü

Happened twice in 2011 and 2013 after gold had peaked. The first example set up sideways price action and the second setup a drop of 28% 6 months later. anlık görüntü

2018 less of a clear signal but price was 7% lower 9months later anlık görüntü

May 2008 price dropped 20% six months later anlık görüntü

Dec 1980 set up a year and a half long slide of nearly 50% anlık görüntü

Also in every single case this daily MA pattern preceded a bearish weekly crossover by a couple months

1980 anlık görüntü

1996 anlık görüntü

2008 anlık görüntü

2011/12 anlık görüntü

2018 anlık görüntü

I'm not short gold here. Certainly the price action could change. But that pattern does seem to have a historic signal into a bear market. I will watch for the 20MA to cross the 200 on th daily.

Feragatname

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