Loading ...GOLD XAU Ratio
Is a halfway pattern completing in this ratio? Possibly heading to 22-24 region? Much of what I see shows this Gold move finishing tonight/tomorrow. Still waiting on Jan 17th and Feb 18th for possible ycl(18th is holiday so 15th and 19th are live). In the event I’m wrong there is a clean 4pt parallel channel/bear flag to give some hope to bulls. A break of 16 is a strong long imo. I still think we get a spike up into Feb but been wrong before…
Thats a Fine Chart there Sir Schizm
Perfect Chatology so far
Looking for a failed retest right about here
Today was constructive
Looking at GBP/USD, I am seeing a clean break of weekly support with a multi week backtest so far. Gold is at the top of a pattern, with FOMC tomorrow. I see Dollar strength incoming, GBP will be weak and USD i feel is in a bear too, just the GBP Will drop quicker than the USD initially to complete a multi year/decade 5 move down Bear (On brexit?). If so, Gold will begin to drop down into an ICL I feel. Your ratio will drop, favouring miners, which will also drop but less than Gold so the ratio will be bullish Overall. Just way I see it. LT I am very bullish Gold but awaiting this ICL first. Thoughts?