Then afterwards going to build a handle for north continuation of a large monthly Cup and Handle pattern?
In terms of UJ Seasonality agreement I have not thought much that far ahead other than a few bold statements and idea titled 't'. Recently I predicted Oil to hit USD 160 by September 2021 and I was called crazy and laughed at. Same when I first posted my Gold idea about a year ago.
With current buying and printing aggression it will be hard to say where this is going. Monetary policy this forthcoming coupled with the instability between US, China, and the Mideast could easily introduce stronger volatility than we have recently seen with COVID imho.
1821/1825 max before retracement back to 1640, to my view!
Deep-Peat-Shark
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@NicolasCoppens, As from levels of early 2012? Thinking USD devaluation still has a long way to go. Expecting to overshoot that target because of this.
NicolasCoppens
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And it seems that you forget one thing : the possible correction on the Equities markets which will lead to a need of liquidity to cover losses and a massive sell-off of XAU to do so, along the way.
Deep-Peat-Shark
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This one
Deep-Peat-Shark
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I do see another sell off on the equities market. One bigger then Corona, I recently published an idea on this. Yet I am in doubt because of Corona. If it happens it should be very soon, like within one week and perhaps already today..
NicolasCoppens
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@Deep-Peat-Shark, once we'll see Vix indicator overcoming 72's level = you'll see if a sell off will or won't occur, to me the only thing who keep the market alive = the money and the manipulation of the FED. You refer to 2012, well I refer you to the crisis 2008/09.
NicolasCoppens
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@Deep-Peat-Shark, and what about if a second wave of Covid19 might just happen? = in that case, ofc the Equities together with Gold will jump to the sky, I assume...