Starting a new gold thread to update my opinions on this market as we move along.
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Nice bull flag forming here on the daily chart
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This is my best guess as to where we are in the current trend. Likely bottom of wave A and due for an upturn soon.
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Gold/Dow forming bullish flag.
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Gold volatility index looking juicy here. Things are about to get real.
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Picture perfect symmetrical corrective wave.
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For those who think gold is in a bear market... wake the heck up ! Have a look at gold in other currencies than the USD... it's all a smokescreen guys. Gold in GBP is up 55% from Jan 1 2018 .... BTC 0% ... i can cherry pick timeframes just as well as Michael Shiller... Who always quotes " you must have a 5 year time horizon" Fact is Gold has blown away BTC in the last 5 years.
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Gold in JAP Yen up 50% since the 2011 high. Not a raging bull ? Think again ! Hows that BTC doing ? Gold 2.0 ? Lol !
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EURUSD has been dumped hard but the way i see it Euro at parity now is massive support for gold.
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In this environment it's not about who makes the most but who loses the least ! Gold (and silver) ratios against all assets are trending upwards. Get on board the liferaft now ! Here is gold/eth primo buy spot.