Gold uptrend still intact
Quick summary
Bullish reasons (charts):
1. Multi decade uptrend within a channel
- currently under reversion to mean
2. Cup completed now forming a handle.
- retracement since a year long uptrend (impulsive)
3. Descending wedge is about to be broken.
4. retest of multi year resistance at 1800 (perfect psychological number) turned support.
Bullish reasons (fundamentals):
1.
- dying global reserve currency (80 year cycles of global reserve currencies coming to an end for the dollar).
- fed is printing dollars to infinity
- the dollar is a sacrificial lamb
- inflation is underway (20% of dollars since 1944 is printed in 2020 alone)
2. more uncetainties underway in the next few years.
- covid 20 is probable using the spanish flu as a case study.
- stocks are overvalued. zombie companies run amock.
Bullish reasons (charts):
1. Multi decade uptrend within a channel
- currently under reversion to mean
2. Cup completed now forming a handle.
- retracement since a year long uptrend (impulsive)
3. Descending wedge is about to be broken.
4. retest of multi year resistance at 1800 (perfect psychological number) turned support.
Bullish reasons (fundamentals):
1.
- dying global reserve currency (80 year cycles of global reserve currencies coming to an end for the dollar).
- fed is printing dollars to infinity
- the dollar is a sacrificial lamb
- inflation is underway (20% of dollars since 1944 is printed in 2020 alone)
2. more uncetainties underway in the next few years.
- covid 20 is probable using the spanish flu as a case study.
- stocks are overvalued. zombie companies run amock.
Note
Tight stop at 1780Note
Stopped out and re-entered at 1779
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.