XAU/USD 3x divergence to resistance over 1260 or down -> 5th leg
This is not a clear sell. Even tho the price has been around 1292-1295 this time around there are some room for it to continue higher.
If price falls down below 1260 and through the 7 year triangle line that then becomes resistance again --> strong sell signal to the 5th leg at 1200ish.
Trump would be in big trouble if the stock market crashed so he will do everything he can to prolong the process. In late september the balance sheet/debt ceiling trouble is coming up.
If price falls down below 1260 and through the 7 year triangle line that then becomes resistance again --> strong sell signal to the 5th leg at 1200ish.
Trump would be in big trouble if the stock market crashed so he will do everything he can to prolong the process. In late september the balance sheet/debt ceiling trouble is coming up.