GOLD LONG TERM CHART

Not much to say here other than we're overextending to two MASSIVE resistance numbers, which break down into multiple short term resistance lines, which all occur in the marked zone. Unless gold decides to really take off because of the UFO's, then I'd say, the marked sell zone will be around a top.

How far does it fall? no clue, but trends and retracement numbers again all line up on multiple charts.

Where would I place my money instead? Lol, probably cash, I'd rather miss a few extra percentages from selling early and have a whole lot of money to buy any sizeable dip.

Think Covid lockdown trading part 2, followed by one hell of a crash, followed by a jump to all time highs without looking back. Tech is exponential due to DATA.

I'd imagine the goal is to try and lock down data and then sell that to other companies.

Comment:

bottom side of trend now means bearish trading in a bullish direction.
3k or 1500 depending on the break not sure yet.
I still like the short position, but something is going on in the market fairly soon. Some weird news could shake things up and really pump gold in the short term. Which would then allow for a nice dip down to 1500.

Comment:

close but I definitely didn't pick it climbing the bottom side of the trend as a means to the top price target, but I've seen it before so it's not unreasonable move wise.

Either way, CAREFUL AT THESE LEVELS.