Hi Goldbear77
Referring to your very good chart posted on the 5th Sept , it seemed to me that the top of the Channel ( for the handle )was a gold price of $1794.72 ...and the slight fall from that figure is the last couple of days , should enable the price to retest that figure and hold , to stay within the ARC .
Perhaps it now more a case of "using up time" for gold ---the impatience of joe public in the Government to handle crisis upon mounting crisis ( ie COVID + Afghan withdrawal+ hurricane disaster in Louisiana/New York and the growing mistrust , just seems to imply we are fast closing in on another pivot point at the bottom of the handle ....from which the Bullion Banks will decide that its time to firmly change gear to push hard beyond $us $1800 .
Maybe it might take one last crisis "nail" ,,,,and not sure what that is , but confidence in Governments can't get much lower , and that signals the break out point for gold
AIMHO ---but appreciate your charts and commentary .
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