Cup & Handle/ Golden Bowl/Arc – A Look Back
Ken S mentioned the ‘cup & handle’ which may be forming. It’s enormous – many years in the making. It got me thinking back to how it was I started to identify this ’rounded base’ theory for the 16-year gold cycle low. They’re obvious with hindsight, but, just for fun here’s a selection of my charting antics back to June 2018 when I was beginning to perfect my ideas…
I hope all of this has helped to keep some of you on-board. As the golden bowl nears its end, we’re going to need to get a new roadmap out. I’m going to have to have a long think about that lol 🙂
I’m pretty new to goldtent.. but remember most of these… very inspirational.
Thanks Northstar. I like Option 1. Cup and Handles are well known formations with relatively high confidence levels. Just think we should all be preparing ourselves for a multiyear pull back before the party continues.
And you’re referring to the handle as the pullback? Thx
Hi Steins. How price reacts at major resistance will be fascinating. This pullback may create a ‘handle’, but there’s no guarantee. The biggest drop I’m expecting is into the 2023/24 mid-cycle low.
Wouldn’t this be the completion of the handle with silver? The mother of all cup and handles going back to 1980, other side 2011 and now the handle is forming and pushing back to $50.
IMO the DXY is the elephant in the room re Ag & HUI etc…..
Au is now a Tier 1 asset the others are not……the interaction between Tier 1 assets should be IMO viewed from a different perspective. It’s different this time – actually it is… Au is actually real money again Ag what is it’s immediate future in the present economic framework?
Interested in your view of the $US your previous work on the death of the $US where you at?
I akin Au action of Sept 2018 to executive order 6102.
Hi Red Label. I’ll be posting more on the US Dollar soon. The monthly close next week will confirm one way or another, whether my ‘domed top’ thesis is dead. I’ll take it from there.
Interesting. I posted these here back in Sept 2017. Later I added the $255 uptrend line to them.
https://goldtadise.com/?p=411977