Interesting view on where gold viewed as 2 legs out of 5 could go. (not taking into account a fed reset, technically they could set the gold price to cover the debt anytime)
Dollar is not looking too good... OIl, GOLD will get out of control 2018 for price manipulation Commercial banks are not adding shorts @ record volume but covering on this gold decline, they anticipate a move up
Gold will have to catch up eventually because of oil prices moving higher & demand for 2017 that exceeds produced gold (source usdebtclock)... fundamental breakeven above 1100/1150 because of rising oil prices
Log view, we're sitting nicely on 0.236 Gold won't break down below this triangle if not oil breaks down... Currently there is no way to change the vehicle fuel to electric, it will take 5-10ys of development. Trucks haven't even made that shift yet. (Tesla/Volvo not there yet) Gold currently costs more and more to mine with a absolute breakeven at 1100, a more...
here is picture of comparing TPS, costs etc between different cypto cdn.ripple.com
important for this to hold.. If it does gold is looking fantastic as a contrarian
RSI 14 - 98 monthly lolz Invest in an actual pragmatic solution instead, bitcoin fees are too high and the banks will take it down through futures, paper bitcoin.. I would suggest to invest in Ripple it's better than getting the central banks e-currencies
watch this triangle for breakout --> trade
Things are not looking too great for the dollar...
Triangle - Take profit risk goes from green - yellow - red, more intensity = less risk (lower risk/reward = lower ≥% winrate to go +EV in the long run) Exemple: 0,5 requires u to have 100% winrate with a perticulair strategy //ThefreedomMatrix
Great risk/reward ratio for T1,T2,T3
Gold - Take profit levels of Triangle breakout
Good Risk/Reward...
Simplest way to show it. (Go stockchart for volume tracking since 1990 for viewing the entire volume climb). Since 2011 ( gold 0.32% peak of ≈ 2000usd) big steady increase in volume but price has fallen -30%+ ... Volume wins out in the end long term, no matter the manipulation. You will se the invers correlation with declining volume on growth in almost all high...