Gold: The intermediate cycle wipeout
Gold has made a clear failed cycle, indicating lower prices.
We've had a rally up to recent highs, printing a triple top and everyone are long because of "corona fundamentals".
What fundamentals is that? On the corona outbreak, gold plummeted. That's your protection right there for lower prices!
Im expecting a 5 move down sequence to begin with.
Chart is mostly for timing demonstration, not price. I just made an assumption that we are getting a 1.618-wave, but if gold is to follow Silver's beautiful example. Well, take a look at that chart :-)
We've had a rally up to recent highs, printing a triple top and everyone are long because of "corona fundamentals".
What fundamentals is that? On the corona outbreak, gold plummeted. That's your protection right there for lower prices!
Im expecting a 5 move down sequence to begin with.
Chart is mostly for timing demonstration, not price. I just made an assumption that we are getting a 1.618-wave, but if gold is to follow Silver's beautiful example. Well, take a look at that chart :-)
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.