Here I have a simple, idea/analyses of Golds new CYCLE which is happening much quicker than people anticipated...
If you look at how BTC has been making its new cycles of trend Gold follows this similar pattern or characteristics. I have Gold to go up to the 1700's and yes some of you maybe laughing at this prospect but I'm not factoring in the pre cautions that will happen if Gold's price goes that high and what impact it will have on the world/trading. Simply on cycle analyses this is where its heading.. on higher tf its already approaching the neck line of the previous high, the price is above the 100ma and 200ma which is fundamental in its progress now to use this as a support and that it closes way above it now.
Feel free to add your input -
If you look at how BTC has been making its new cycles of trend Gold follows this similar pattern or characteristics. I have Gold to go up to the 1700's and yes some of you maybe laughing at this prospect but I'm not factoring in the pre cautions that will happen if Gold's price goes that high and what impact it will have on the world/trading. Simply on cycle analyses this is where its heading.. on higher tf its already approaching the neck line of the previous high, the price is above the 100ma and 200ma which is fundamental in its progress now to use this as a support and that it closes way above it now.
Feel free to add your input -