i think gold might be close to a short term top.. im thinking...

i think gold might be close to a short term top.. im thinking USD 2415 is a possible spot, and it might esplain why we have a wall at 3c which is just under our decending resistance line.. i think when we break that line the volume will be significanly higher, perhaps 10's of millions volume per day for the break out

possibly the DXY is going to surprise everyone with a stronger run to the upside?




why USD 2415?
a few reasons... none of which i would go to the bookmakers with.
(1) RSI on daily and weekly very overbought
(2) the waves in teh move fit tidily with fib lines to that point
(3) the 2019 gold run (in feint orange) when used as an analogy from the inverse head and shoulders break out brings the first wave of the break out to the same point
(4) DXY potentialy surprises to the upside to help gold get back down to a 38.2 50 or 61.8% retrace... the analogy points to 61.8%.. but i wouldnt put much weight on that.


closer look at those waves within fib lines