Interestingly, every 40 weeks (+/-4) Gold has completed a cycle of a motive and correction wave. And at the end of these cycles touched 50 EMA each time.
So I believe we could be at the early stages of a new motive wave, and we should keep eyes on miners stock.
So I believe we could be at the early stages of a new motive wave, and we should keep eyes on miners stock.
With Biden’s plan to increase federal minimum wage from 7.25 to 15, there will be sensible inflation and it will push Gold price further.