pixi
Education

Is Gold in bubble ?

FX:XAUUSD   Gold/U.S. Dollar
2731 40 72
hi,
This is not a chart for trading or to get entry/exit levels.

I remember in 2010 when newspapers/ news on television were beginning to focus on gold             price (media attention).
From this point, i tried to find if gold             have real similitudes before and after with a classic bubble. Obviously, it does.

This is theorical and not a trade plan.

Comments are really welcome but, please, avoid this kind of comments : "do it in log scale, you'll see the difference" or "The system is collapsing and gold             can't go back as low as 600$, because gold             is THE money" ;)
My long-term plot is 5months old
Gold idea

Short-term speculations few weeks old
Gold is
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Mike Maloney is laughing all the way to the bank
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Thanks for sharing your work. Would starting after the "Nixon shock" be a good point to gather data? Being that it was illegal for citizens to hold gold until after around 1973 or so.
+1 Reply
the bubble will break..i am with u till 850$
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albertwt akhil1206
Akhil, Why do you think Gold price will be bearish all the way down to sub USD $1000 ?
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akhil1206 albertwt
61.8% retracement frm 253 to 1923 is around abt 890 ..it will be thr or thr abt....
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I posted this a couple of weeks below. Not to sabotage the new bull rally for gold bags but for the same sake you did - to spark a conversation. The chart you see here is a half-baked idea. If you click on the chart and go into the post, there is another one, further developed, which resembles yours but with more of a technical case behind it.

What is the gold bugs are wrong in their expectations?
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pixi VirtualFax
thanks for sharing. Done a similar chart too, 5 months ago, quite the same as your
1380$ or 1550$ target
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Interesting in some ways, and you put forth the oft-mentioned phases of a bubble, except I think your timing is much too early. Do you really think that 2010 was a full blown mania phase for gold? Was everybody and their shoeshine person lining up to buy gold? Was everybody running around talking about gold this and gold that? I would say definitely not. There was some media attention but hardly anything resembling a bubble. Also gold stocks hardly reached anywhere near the types of heights one would expect in a "bubble". Just saying.
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