Looks like gold is setting up for a really nice short sqeeze and then a pretty strong selloff into year-end.
As per fractal analysis, we should see this pop take us to 126 region within 30 days and then a slow and frustrating drop into my C. I expect all of this to take till year end.
An evil alternative exists of direct downside, as long we we are below 120.7. As such I think this is a lower probability outcome.
As per fractal analysis, we should see this pop take us to 126 region within 30 days and then a slow and frustrating drop into my C. I expect all of this to take till year end.
An evil alternative exists of direct downside, as long we we are below 120.7. As such I think this is a lower probability outcome.
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Fractal:
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Low probability (evil) fractal:
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Ruh-ruh -- odds are shifting to the evil fractal. If the old low breaks, its done for, and will likely see 113 or so