GOLD Topping Soon???

19 Mar

TOTAL GOLD - GOLD has created some new highs recently.

Breaking out of its previous buying climax resistance, it could be nearing the top; developing a UT in the 0:1.618 ratio band.

I have TOTAL layered in this chart above to point out key observations that affected GOLD in the past and vice versa.

When the Selling Climax began for GOLD at the end of October 2024 a rally up for crypto started shortly after: with GOLD being the leading indicator but inversely correlated.

Thereafter, when the Selling Climax began for TOTAL, the rally up for GOLD began shortly after: with TOTAL being the leading indicator.

There is a chance that GOLD could provide the clues yet again.

If GOLD hits the brakes at this resistance structure, It could mark the beginning of a 3 wave correction or perhaps a selling climax, but too early to tell.

With that note; I'll be keeping a closer eye on gold as is could lead to some clues that may affect TOTAL's correctional phase.

Good Luck!

-Not Advice-

19 Mar

Not

Fun and Interesting Note: According to the usdebtclock.org Time Machine: Gold is suspected to reach $11,499/OZ in 2029.

19 Mar

Not

Some slight bearish divergence can be seen on the weekly ...

1 Nis

Not

Gold has been on a rampage. Let's see how it responds to the smaller time frame 2.272 window.