Dollar Cycle says a top in 2019
Based on an early 1985 and 2002 peak the top should be early 2019. Bottom in mid 1992 followed by another bottom in mid 2008 implies another bottom in mid 2024. The halfway pattern somewhat matches up as well. Three peaks and two bottoms in the first halfway, ditto for the second. Both patterns are like a megaphone, with an implied breakout to the upside coming very soon in the last one. What does a rising dollar do to Gold?
I think I have a different view. Its a 16 year cycle, with the last peak 16 years ago…
I posted a chart seeing the same thing back in Jan 2016, I tend to agree.
I have been thinking this is a halfway pattern too…but recently an apparent local breakdown threw me off
I see it could be a megaphone as you show Avocado ( O )
To answer your rhetorical question…this would suck