Have mentioned a few times the similarities between the gold weekly chart and the BTC weekly chart at the high.
Major high made in the first run but then some nominal spike outs to make the bulls overly cocky and shake out the bears. Perhaps this will be followed by a clear downtrend.
Out of all my long gold positions now and short. Stops a bit over the high. Entry pattern I am betting on is the triple top.
Major high made in the first run but then some nominal spike outs to make the bulls overly cocky and shake out the bears. Perhaps this will be followed by a clear downtrend.
Out of all my long gold positions now and short. Stops a bit over the high. Entry pattern I am betting on is the triple top.