A look at Gold …

that was one heck of a breakout from the triangle back down around 1350! yikes … played the triangle well but took profit WAY too early. but, then again, anytime you can say “took profit” then yeah! why would you take profit w/ the mania that is gold … and that’s the reason: “mania.” Sentiment is more bullish gold than anytime in history!

and, believe we had a major (like a 5 count) high back around 1900 and the last “major” correction lasted almost 20 years so … do we have another wave down to complete the correction from a form proportion and balance perspective.

don’t believe Gold is a “sure thing” right now ….stay tuned.

stay tuned as this could be a MOST important high in gold …

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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