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Great_Reset_Investing
Nov 25, 2021 10:26 AM

Gold 

GOLD (US$/OZ)TVC

Description

Has gold lost it's shine?

No

What do central banks HODL?

Hint- it's not bitcoin

What does JPOW have in his toolbox?

...

I'm a buyer around 1450, which, if it happens: would coincide with a general market dump

If it goes lower i will just dca more

Disclaimer: this post is for information only; nothing here constitutes advice


Technical note: I use the action-reaction/ market geometry technique. This is an inside pitchfork using the market pivots ABC. I have used log view and marked the last ATH breach with the yellow dotted horizontal.

Comment

ACTION | REACTION
Market Geometry
Select three major pivots high-low-high or low-high-low
A, B, C
The median line as per Dr. Alan Andrews is the bisector of BC from A
80% of time price comes back the median line, which is a potential reversal point; or a push through the median line can come with additional momentum

Comment

Eureka
Comments
noam_chom
fading gold all of 2022 looks safe, i think $1950 upside max, but downside is $1650
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