My prior Gold posts focused on evidence dealing only with Gold. There's additional bearish evidence from the other precious metals and XAU - Gold/Silver mining stocks.
In a healthy bull market all precious metals and XAU make new highs at the same time. After the metals major bottom in 2015 the metals and XAU made new rally highs in July 2016.
Golds 2/28/20 top was unconfirmed by; Silver, Platinum, and XAU.
On 3/6/20 Gold made a marginal new high 1692.80 vs. 1691.70 - so far this represents a possible Fibonacci 1/1 - equality ratio of decline to rally.
This short-term peak was unconfirmed by; Silver, Platinum, and XAU.
Very high probability Gold double top is in place.
Multi-year bear market for Gold, Silver, Platinum and XAU could follow.
Mark
In a healthy bull market all precious metals and XAU make new highs at the same time. After the metals major bottom in 2015 the metals and XAU made new rally highs in July 2016.
Golds 2/28/20 top was unconfirmed by; Silver, Platinum, and XAU.
On 3/6/20 Gold made a marginal new high 1692.80 vs. 1691.70 - so far this represents a possible Fibonacci 1/1 - equality ratio of decline to rally.
This short-term peak was unconfirmed by; Silver, Platinum, and XAU.
Very high probability Gold double top is in place.
Multi-year bear market for Gold, Silver, Platinum and XAU could follow.
Mark