Gold Chart Still Looks Like It Wants To Climb Upwards
I know a correction is coming at some point, and the cycle experts will have their views on this. Smaller cycles frustrate the heck out of me, so I’m just focussing on the chartology, and this still looks bullish to me. Could we surge to somewhere in the $1500-$1600 region before seeing a meaningful pullback ? Quite possibly, especially if the GSR falls through the lower support line in the 80 region.
Silver is on a tear, so the GSR continues to fall…
See Rambus Post on impulse moves !
Then report back
🙂
I’ve read it..
Impulse moves tend to have small consolidations …3 or 4 is the normal…until finally a large multi month / year consolidation.
We may have just had the first…OR the pattern is still building and morphing