chillax, the bull run hasnt even started.. first we need the SPX/Gold ratio to break down and the AUDUSD to break out..
DXY is just breaking lower from a triangulation, it will probably need to backtest that break and set another low before its confirmed that its not a false breakdown
AUDUSD is also triangulating under a 13 year doiwntrend line.. there is a strong correlation between the aussie miner to gold ratio and the currency.. the currency is demonstrating capital flows
Gold USD 3m log chart.. cup and handle break out .. marching up the stairs
AUD gold log chart
SILVER USD log chart.. the handle of the 45 year cup and handle contains a decade long cup and handle which has now engaged
SILVER AUD log chart the smaller cup and handle has already engaged, the last high hit the break out line of the giant cup of tea.. breaking our recent high will engage the 45 year cup and handle.. the targets of the USD and AUD patterns also infer a major fall for the USD.. all that is left to know if there is one last kick in the DXY before all of this starts.. perhaps with admission of a global recession might push the DXY higher temporarily which i would see as gold continuing to climb but the miners not yet catching up until the flip of the DXY?
Gold has already front run the top of the SPX/Gold ratio top at the end of 2021 by 6 years... it did not do that in the head and left shoulder of the SPX gold ratio
SPX/Gold ratio (not log), XAUUSD in background
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chillax, the bull run hasnt even started.. first we need the...
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