We can see that the pattern we are in mirrors the move from the middle of last year based on the 4 hour scale. We recently came within a couple of dollars of the 200 MA and are now bouncing, just as I predicted in my last post.
We also broke through the top of the flag pattern (not shown) on Friday. With the WuFlu as our catalyst, we should see a new high put in this week or next.
Volume is quite a bit lower than what we saw in the 2019 move, but I believe that is because of an absence of sellers in this market. We might also assume that some of the money that was flowing into gold , has been moved into crypto in the recent weeks, especially in the Asian markets.