Wow, never realized we actually closed above 2000 over the past two years. And it seems it did close above 2100 that one week in mid 2021. Those are huge moves in the cycle. Looks as schizophrenic as, yes you guessed it, schizo!
Who here think Gold will break above 2K very soon?
- Thread starter Innervoice
- Start date
Wow, never realized we actually closed above 2000 over the past two years. And it seems it did close above 2100 that one week in mid 2021. Those are huge moves in the cycle. Looks as schizophrenic as, yes you guessed it, schizo!
Schizo but prescient.
You are too slow by 4 very long years.
It has already ripped up since 2019.
There are some investors who wait for gold to break 3000.
Then they will take a long position.
They only buy when the price breaks a record high
thinking it will go even much much higher.
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Spot Gold Daily truncating last year's Key Reversal (some got stuck that market really doesn't care - wicks I don't need no stinkin' wicks):-
To me a break means it stays above 2k for more than a few days. If it doesnt, its just a false breakout.
You have to draw a band around 2k, not a line at 2k.
How wide should be the band?
Mortals don't know.
Only God knows.