Notice how last year December has a similar pattern to gold
right now. There was an initial spike up breaking the 10 EMA
. Then for the next week or so, it was battling to stay up above it and constantly testing the 10 EMA
. Eventually, gold
re-traced back down to its low.
movement appears similar. Watch out for the constant retests of the 10 EMA
, if it does break down, I am buying at the previous low.
Hopefully then, rocket time!