On the daily, gold has formed a double bottom , indicating it could go to 1840 shortly, and Fibs wise, it could go to 1860 quite soon too. But as a gold permabear, I'm not worried, because the double top on the monthly and yearly timeframes trumps anything else on other timeframes. I don't want to bore you with fundamental analyses - which I can do in my sleeps since unlike most so-called 'experts' and pundits, I have at least one masters degree in Economics and finance from an Ivy league school and was lectured by Stiglitz - because fundamental analyses take years to filter down to even swing trading, and everything points to a bear market for gold anyway. It would be until 2028 that we can see a new ATH. Before that we'll see 1450 first because the chart has said so. Meanwhile I'm happy to fade the rallies and happy that goldbugs and scammers are shilling for the bull. Please keep on donating your cash straight to my account.
Comment:
I can only laugh.