Gold needs to break $1,856.60 to turn a now lower-low set-up. $1,828 is the 18-day moving average.
At some point there will be another volatility event. It will not be the top of the bull market it but it will be its final buying opportunity.
This pattern of covid rates going down, rates going higher, hurts markets. Gold still in a downtrend. $1,784.60 key to hold
As the cycles intensify, gold will likely get tokenized, and re-emerge as the world’s price appreciation leader.
But, I am seeing potential for a March Madness setup in the equity market as well.
I expect gold price to rise to $2000 first. I believe that the global war against paper currencies.
We are in a downtrend, lower-high with lower-lows. The swing-lines: $1,876 and $1,782.80
Positions as of Tuesday, February 9, 2021
The Banking cartel is trying desperately to keep gold below the $1,850 zone. The manipulation will break at some point and will unleash a very powerful move to the upside.
Momentum drifting, $1802.80 support on the downside.
