well like i said i needed a move above 175 to get verification and that obviously is not happening
i have a date around feb 5 feb 6 for a possible bottom in this complex
Your biggest kryptonitic enemy here is rising interest rates of which takes away any excesses in liquidity (inflation) from moving into the metals.
The best way to remember this is that gold forecasts true inflationary tendencies (more money supply than demand) when capital markets are working as they were structured. This is why gold has been forced to hang around the $1800 area, and within the confines of a large symmetrical triangle since early last year, because current inflation data has been manufactured due to bad political decisions.
Fib
Edited by fib_1618, 27 January 2022 - 04:21 PM.
