calkusi

calkusi

Slope of XAUUSD is too high if it falls below that slope then price action will come down between 2213 and 2241.858 for some more consolidation before another move up.

calkusi

XAUUSD yields to DXY so trend-based fib extension and fib-time along channel suggest next high will be 15-May-2024.

calkusi

Dow has to come down lower and Gold has to move higher between now and then.

calkusi

There may be a high before that but not one that breaks the recent one.

calkusi Updated 

Jim Willie says DXY is 50% Euro weighted with the rest IMF currencies. The Euro is toast especially if France folds.

calkusi Updated 

Well, there is the Debt Ceiling that can be avoided if the Treasury reprices gold from $42.22 to 1584/oz to create a few hundred billion USD in spending power without raising the Debt ceiling. Of course, the Treasury can have the commercials naked short gold to $1584 from the current $2014 to create even more profits. Why $1584/oz? There is a descending trend...

calkusi Updated 

With 13-Apr-2023 projection failure, the new projection appears unrealistic even with the slam that occurred 14-Apr-2023 to 17-Apr-2023.

calkusi

Two projections are suggesting Gold/CAD will be at 3052 31-May-2023. The first projection is from 1-Oct-2018 on the weekly scale. The second projection is 31-Oct-2022 on the daily scale. Trend-based Fib extension (8-Mar-2023, 17-Mar-2023, 21-Mar-2023) has 1.618 projection at 3054.

calkusi

Trend line from 3-Nov-2022 with XAUUSD at 1627 through 3-Feb-2023 at botom of BB near 1865 and on to 2074 13-Apr-2023

calkusi

If PA remains above LSMA 50, XAUUSD will continue higher