CosmicDust

XAUUSD study - could it repeat 80s and 90s pattern - 7/9/2016

FX:XAUUSD   Gold/U.S. Dollar
138 0 7
During last two gold             bull markets, gold             appreciated 500% - 600%. Nobody knows the future, but if it repeats the 80s - 90s price pattern, gold             price actually may have a long way to fall (and current rally might be a counter-trend rally) and may not bottom until 2030s.

Note long term bullish trend has not been fully formed/matured (judging by 10/20/30/40 M MA crossing).

Note this is an assumptive scenario and most likely it will not play out this way.
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