I am following my cycle charts. I believe that in the cycles and that Jnug will end lower than we are at this point today. I am still holding short from last week. I was hoping for a bigger drop but I am not quite sure how much of a drop we can get. Will it be big like after the election. I am leaning that way. Especially with everyone saying that Gold is going to skyrocket starting with the inauguration. Seems a little inconsistent if you ask me. Although we could possibly shoot up for a few hours just like the election night. I hope not, that would make me sick. I am just not sure, sorry.
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The night is young. And Gold on the daily looks like a bear flag for now. we will see how tomorrow plays out.
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And let us not forget about the Yen. Looks like it is starting its 5th wave. Also looks like a big cup and handle pattern. Am I right? We shall see. But the Yen is more inversely correlated to gold than the dollar is right now. Not by much but just more.