while $gold futures made a lower low, the $silver low of Sept 24 is still holding with over 11% higher
this is a serious anomaly in cycle trading, not seen since... August 2010
(1)
back then in august 2010 $silver found it's low fast after 16 days, while gold needed 34 (!) days more to set the final intermediate cycle low, all those 7 trading weeks $silver refused to fall... something was brewing.
August 24, an 8 month rally started adding 178%
(2)
we have an almost identical setup now.
$Silver made it's low Sept 24, $gold made a new low more as 32 days later, while $silver kept grinding.
Something is brewing... again.
i forgot to add a small detail.
the consolidation back then took an annoying 104 days.
we are at 104 days. (4 - end)
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$XAUUSD #gold
since 2018, cycles (bottom to bottom 6 month cycles) have been running a LOT longer as in 2008-2011.
We now basicly had 2 corrective retraces, and 1 crash.
$gold always uses the same trick. over and over.
(1)
it always has FBO's from intermediate drawn trendlines.
this is 2019
look at the nice false break outs and the hard drops.
top to start impulse up, was 68bars (spring) and 77bars (fall)
(2)
look again at the fall 2019 - very similar
the ABC finished Nov 12 - i think we are 1day upfront (green arrow) - looking for a low with a break, as this will turn conservative traders even more bearish
if we are heading for high inflation due to monetary policy, without economic growth, we should dig deeper on the $gold cycles of the 70ties.
and not, what most analysts are doing, expecting the same cycle behaviour of the 2001-2011 bull market
THE chart of the WE (2)
during the 2001-2011, we had clear +-6 month intermediate cycles. (@badcharts) showed it in a podcast 9 months ago. 3-5 monthly white candles followed by 1-3 red candles, repeating forever.
or 12-20 upweeks, 4-12 downweeks.
THE chart of the WE (3)
Now look at this. #gold trading behaviour during 1976-1980
4 years long, we NEVER exceeded 8 correction weeks.
that's massive.
don't get left behind guys😉