Recent Golden Cross of Gold points to AOTS
Gold just made a golden cross(50x200). All moving averages on this daily chart are already properly sequenced(AOTS=ALINGNMENT OF THE STARS..an acronym I borrowed) EXCEPT that ma100 is about to cross above ma200 in a few days.
Getting above 1800 is quite an accomplishment but It is essential that Gold breaks 1833, out of a consolidation box since July of 2021 with some overhangs.
Next job is to break the big descending triangle from July 2020. Breaking it could see gold finally completing
An Inverse Head & Shoulder Pattern breaking the neckline to target 1920 & 2000. By then the complex WAVE 4 correction would be finally ended.
Getting above 1800 is quite an accomplishment but It is essential that Gold breaks 1833, out of a consolidation box since July of 2021 with some overhangs.
Next job is to break the big descending triangle from July 2020. Breaking it could see gold finally completing
An Inverse Head & Shoulder Pattern breaking the neckline to target 1920 & 2000. By then the complex WAVE 4 correction would be finally ended.