Gold in Megaphone Pattern

20 בינו׳ 2023

Gold is ranging in a megaphone pattern, likely to break upward and continue the bull market it started in 2019. Looking for a pullback to 1825 area then back off to the top of the pattern near 2100.

2 בפבר׳ 2023

הערה

The S&P vs gold ratio suggests stocks have much further up to go. This megaphone pattern could be a long term top in gold. We'll have to see how it plays out, but be cautious.