A comparison between 3 periods: Last 50 yrs Dow +5793%, Gold +5,828%. Last 20 yrs Dow +413%, Gold +717% Last 3 yrs Dow range, Gold up With inflation still in play and likely a recession this year, between gold and equities, who will continue to have more upside potential? CME Micro Gold Futures Minimum fluctuation 0.1 = $1 1 = $10 10 = $100 100 =...
Little update for those following the daily analysis , since it was on the 4hr chart it is hard to update on the structure daily, but will follow the underlying trend for the 1hr. The shark is still in play however I have removed it from the chart to de-clutter it (See 7/3). The short-term structure is still bullish but it is near a possible LH for larger...
Not much to update today; price action is lingering within a range. Is resting on the top of the channel so if we should expect support a good spot would be at the retest of it. However I am still bearish over-all as I don't think bulls will have the momentum required to bring us past previous NSH's, targeting TP2 and areas around if we cannot break our green...
Seems the megaphone is still present and still vicious. Looks we might also be retesting the PRZ for D leg of the Harmonic to close in that area, if we break above our short-term harmonic will be invalidated and a larger timeframe harmonic will be validated; if this occurs the larger Harmonic will be included in tomorrows daily analysis since it is a higher...