Now look at the All time view
1. Do you see those X-trees? The first ended in 1987 not long after the Oct 1987 crash, the second in March 2008, in the midst of the 2008 GFC crisis
2. Followed by 2 more smaller X-mas trees, not so symmetrical but occurring at crisis points of Dec 2018 (the Christmas crash) and Dec 2020 not long after the Covid crash
The present decline is falling into an abyss, with no major visible support, possibly as low as 90.
This is a positive catalyst for Gold's continued rise, and if AUD does not rise as fast, for AUD Gold.
But has big implications for foreign holdings of US assets (prompting more divestments of US assets) and pushing the Yen higher against the dollar triggering reversal of yen carry trades.
...meanwhile equity market are insanely volatile going red then green then possibly red....may well reflect the tussle between foreigners selling US stocks while American retailers buying them.
