XAU
This is what and when I think can happen in the XAU in the next few months. It could be setting up a weekly gap down next week to jump the uptrend line from the 2016 low. Usually get burned by those proclamations though. The shoulder symmetry really plays well off the 2016 bottoming pattern. If this plays out then I think it would set the stage for a 2016 type rally if not bigger into the 2020 election. Beginning confirmation would start by getting a may 23rd low…possibly the 20th. I think this is what everybody will be charting a few months from now. Saw it here first…unless I’m wrong.
I agree and I like the way you think. Silver miners like asm and fsm are headed down to all time lows. ag may even get close to testing its 2016 low.
gdx below 20 will start the downward torrent of selling for gold and gold stocks.
This fall should be a short covering rally from hell.
agree, People keep telling me everything is bullish but you keep seeing charts like avino. https://www.tradingview.com/x/q3wLwRDf/
Learned a long time ago from Rambus about believing in your charts in the face of a dissenting community. I’ll be bullish when I see it or when price proves it…until then It’s just people telling what it’s doing when it’s not. Thanks for checking it out.
Should clarify about community…that’s more of twitter reference than GT.
Good work Sir Schiz
Looks like a very realistic road map
Thanks fully, seems very plausible to me.
Your target is right around the breakaway gap in 2016
Thats no accident sir?
?
Whoops my phone translated the thumbs up to a question mark. So “thumb ups” lol
Funny chit, thats what happened to me also