Multiple time frame analysis yields different “resistance from distance of MA”. So here you got 6 months.. 1 year and 3 year “distance from MA”

Behavior is different per bear or bull market. In a bear.. you get sucked back in.. never being able to expand properly… in a bull.. the opposite… you get to stretch a lot!

This chart shows that gold is in a “bull market” and has a lot of tail winds built in. We could expect to have some important peak when we get stretch +50% away from 3 year moving average!

So right now 3 year MA is 1350… so If we shot up straight from here… 2000 gold would be the peak to sell into… if we climb slowly.. well that 50% away from 3 year ma gives us a higher target.