#003-3.4 GOLD RALLY TO JULY 10TH (2 PATHS)

BLACK IS FAVORED OVER BLUE, BUT IT CAN CHANGE QUICKLY.

1. All regressions say we are going to be above 1925 by July 10th.
2. Weekly candles suggest we have bottomed.
3. Multiple angles of volume regression say this too, but...
4. The blue route is still possible, especially if we continue sideways under 1750.
5. Especially next 7 trading days still has a very reasonable mathematical shot at 1570.
6. In that case, the swing up would be take 1/3 time, making 1950+ by 5/1
7. So?

It's long 1730, 1670, and super strong buy 1570.

Comment:

THE REASON FOR THE BLUE ROUTE:

If you look at this chart, the straight path of the purple wave (if you extend the bold line STRAIGHT, NOT CURVED LIKE I DID IN CHART) looks like it will cross the MEDIAN of PURPLE BOLLINGER (wave and bollinger have same periods) by 5/12. In this scenario - NO MATTER IF BEAR OF BULL MARKET - price has a very high probability of PUSHING DOWN TOWARDS THE BOTTOM BOLLINGER BOUNDARY (2 standard deviation).

That part I just said should make sense to anyone who has math background. But the part you PROBABLY DON'T KNOW IS: price should make this attempt AND REBOUND TO THE MEDIAN BY 5/12.

So why do I suggest blue route up to 1950 and not 1860? Because of fundamentals dictating LONG TERM dollar weakness which combined with LONG TERM regressions, really suggest we are in a bull market.

This move is reminiscent of Feb-Mar 2020, but "1 DEGREE HIGHER".

Comment:

ETC... what I meant by bull market is that prices act disorderly in the short term but is restricted by long term trends. Hence, tag of 1570 requires a quick rebound to 1950 in order for trend lines to hold.

Wil post example later.

Comment:

TYPO: #6. at top should say ... making 1950+ by 5/11 NOT 5/1