Golden_Oracle

Golden_Oracle Updated 

The next rung on the ladder is likely to be stepped on today...

Golden_Oracle

current summer trend has hit the primary trend. The Primary trend usually wins. May be good time to take some profits.

Golden_Oracle

Time is nigh to choose a path. Which trend has more believers. Which trend will rule them all. You have 1 week to decide. Otherwise you will be forced...

Golden_Oracle

Should bounce off the bottom trend line.

Golden_Oracle

We have 3 major trends that will collide next week. Should get to 1800 next week, then bounce off the primary wave for a healthy correction. But you never know with gold these days. Its quite bullish. If it breaks out of the primary wave, it will go exponential.

Golden_Oracle Updated 

Gold's summer season is here and everything looks to be similar to 2011,2016, and 2019. Which means new highs all the way till September. Miners are already starting to benefit. GDXJ might need to close the month lower, but then its 52 to ???

Golden_Oracle Updated 

Ok gold , ok... I get it already... buy when it touches the hot pink line... sheesh

Golden_Oracle

Looks that way so far. (using log) I copied the chart from 95 to 2011 and pasted it such that the bowls match up. We might have 8000 gold by 2028.

Golden_Oracle

Looks like we need to wait a day or so for the next leg up. New month on wed, or payrolls on Thursday may trigger it.

Golden_Oracle

I suspect the dollar is getting tired. The technical's should allow it to resume its downtrend soon.

Golden_Oracle

The Spring season ends within a few weeks. Golden bulls and bears are about to go head to head for season champion. Bulls will surely win next season, but this season is still close. Bears have a chance for a final round comeback. Bulls will try to go for the kill this week with a break out of H(1) wedge, while bears try to extend the match to the larger H(4)...

Golden_Oracle

Bulls vs Bears had a showdown reminiscent of old western gunslingers. It appears the bulls got their shot off first but, sadly missed their target. Bears will declare victory due to their push in the last hour, but I'm going to call it a stalemate. Tomorrow is another day and I sense a clear winner will arise...

Golden_Oracle Updated 

There is a turn ahead. Too much exuberance and you may miss it...

Golden_Oracle

June 5th and 8th, pointed to by the green arrow, was the largest volume days in history (besides the Covid Crash and the Great Recession Crash days) Likely due to NFP surprise, market exuberance, and institutions starting the big short.

Golden_Oracle

The dollar is bouncing off the bottom trend line of the primary wave Short term bearish for gold. Should eventually break through and continue its downtrend

Golden_Oracle

Swing target reached. Time to switch sides for a few days...

Golden_Oracle

This is why fundamentals don't matter anymore. Can this end well? I think it's time to collect debt and use it to accumulate assets...

Golden_Oracle Updated 

New wedge has formed which is identical to previous. Gold has too much tailwind to fall too low. So the wedge seems like the best fit. -copied previous wedge price action to the right (in blue) as a possible path forward