Gold Reminder: Classical Requirements for a new Bull Run

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Just as a reminder of one of my last autumn charts. In order to analyse gold             price discovery disconnected of any FOREX turmoil caused by CB             policy and policy changes (i see a policy change since last FED meeting) and only based on demand/supply there is a need to check charts of gold             against currency baskets. Here now against XDR. By the way, did you know that IMF's XDR is still a Gold             pegged currency? At least 25% of their actives are in Gold             ... Funny the didn't let the SNB peg the CHF with 20% to Gold             some time ago, and they forced SNB to sell their Gold             (1998-2000) some time ago... What did they know then that we still don't know now....? For classical Wyckoff theory again see http://www.hankpruden.com/MTWyckoffSchematics.pdf . So I am desperately waiting for a correction to finally see a SOS on a really surging Volume . Recent Volumes are really crappy and I believe something is brewing behind the scenes. Either we finally get the surge to 980 XDR Region and a correction to LPS, or we get a new low. Still believe sub 1000 US$ are possible. Just think about DXY             going to 130.
Comment: With Point&Figure Charts (using Wyckoff methodology) one can certainly also "calculate" the Target Range. With current data it is in the Range of maximum 1900 XDR which corresponds to about 2600 US$ Range till we see the next major correction.
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