Gold is ranging in a megaphone pattern, likely to break upward and continue the bull market it started in 2019. Looking for a pullback to 1825 area then back off to the top of the pattern near 2100.
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The S&P vs gold ratio suggests stocks have much further up to go. This megaphone pattern could be a long term top in gold. We'll have to see how it plays out, but be cautious.