DFS anyday now, page-195

I'll have a crack from my extremely simplified view of technicals, looking through gold bull market glasses of course. Like most here, I believe the many positive drivers for gold demand and a higher price are still in place and in fact looked baked into our future.

The 200 day moving average is a significant and universally well followed indicator for technical support/resistance across all different markets. If we look at the last gold bull market 2008 to 2012 the daily 200 MA was rarely tested as prices moved up as it approached.



Recently gold held this 200 day MA at ~$1275 before May 31st breakout began. CDV was the same 37.5c on May 31st yet for reasons we have all contemplated CDV is now back at 37.5c while the POG is $200 higher. If the daily 200 MA is tested again relatively shortly then price could fall to low $1400's. If the POG consolidation is more gentle and steady as I believe it will be at worst then mid $1400's will be the low point in this corrective/consolidation phase before the next leg up.

Either way, one would have to think that CDV is now going to trade on company specific news more so then small POG movements having already given up the entire Aug and Sep breakout rally from $1400 to $1550, and now sitting back at the same levels as when gold was $1280 and still stuck in the 2013-2019 price channel pre breakout..