A macro call refers to one that will not occur immediately or in the short-term. It is tied in to a long view of both the stock market and economy. Typically a macro call I forecast will take months to years (usually no longer than 2yrs).
Since Part 1 - Gold has broken out of the bull flag, taken a breather to back-test the breakout line and is now launching upwards on news of potential additional bank failures [bull flag confirmed]. Very encouraging for gold investors.
Oil has also slid recently and going in to a recessionary environment, oil demand will continue to weaken in my view meaning lower operating costs for gold miners. A big plus for them.
My 2 favorite gold miners with excellent weekly & monthly bullish chart set-ups:
Excellent analysis, I have the same.... it could also be a triple top? Bullish pressure seems to be stronger this time, but only time will tell when the monthly candle closes. Keep up the good work! 👌