GOLD monthly Chart - possible Move ?
GOLD has traditionally been used as a Store of Value, even after the UK stopped backing its currency with it in 1931 and the USA followed in 1971
when Markets seem bearish, GOLD ( and others) have taken the money. increased and then sold when Markets were more Bullish
Since November 2012, GOLD has been painting a classic CUP and HANDLE pattern and is now on the Top trendline of that Handle.
And the thing to note here is that MACD is low enough for it to maybe break Free
BUT the reason I say this ? I am a CRYPTO man and If GOLD is ready to break out, SO IS BITCOIN - and the profit margins and Use Cases for Bitcoin Far out Weight Gold.
Are we really about to see the Bulls step in and save the day ?
when Markets seem bearish, GOLD ( and others) have taken the money. increased and then sold when Markets were more Bullish
Since November 2012, GOLD has been painting a classic CUP and HANDLE pattern and is now on the Top trendline of that Handle.
And the thing to note here is that MACD is low enough for it to maybe break Free
BUT the reason I say this ? I am a CRYPTO man and If GOLD is ready to break out, SO IS BITCOIN - and the profit margins and Use Cases for Bitcoin Far out Weight Gold.
Are we really about to see the Bulls step in and save the day ?
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