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To: Sun Tzu who wrote (5054)8/9/2022 6:03:23 PM
From: Jacob Snyder  Respond to of 10687
 
If that channel is real, gold tops now, and the next dip takes gold below $1675. We shall see.



To: Sun Tzu who wrote (5054)8/9/2022 8:28:53 PM
From: stuffbug  Read Replies (2) | Respond to of 10687
 
Need to look at the next higher time frame - the monthly chart shows a clear 2 year consolidation pattern since the 2 year runup from summer 2018 to summer 2020. Typical A-B-C correction which dipped below gold's 60 month lower trading band last month. Upper band is approx 2200.

Monthly close above 1840 should turn the bulls loose.
Monthly close under 1730 would be bearish.


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