ZaKosh

Will gold go down?

Short
CAPITALCOM:GOLD   Gold
I decided to take a look at the GOLD chart on the weekly timeframe and see what is happening and what might be expected.

The AMD cycle (Accumulation-Manipulation-Distribution) or otherwise PO3 (Power of 3), so, I drew what I saw.

Otherwise, I see a repetition of the decline-up, and it seems to me that a decline of about 175 days should begin soon (the average of the previous two)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.