HEADER - This is a supplement for 16 A&B on gold prices.
SUMMARY - What's oil prices have to do with gold? Well you tell me in a few weeks.
DETAILS - The blue curve is 1/2 the red curve. It took a major dive while the red curve STAYED ON ITS 2X CURVE, THE DARK GRAY CURVE. How about a friendly wager oil hits 147 by 4/10? This set of curves says 3/29, but add 10 days for shenanigans.
SUMMARY - What's oil prices have to do with gold? Well you tell me in a few weeks.
DETAILS - The blue curve is 1/2 the red curve. It took a major dive while the red curve STAYED ON ITS 2X CURVE, THE DARK GRAY CURVE. How about a friendly wager oil hits 147 by 4/10? This set of curves says 3/29, but add 10 days for shenanigans.
Note
EXAMPLE: Note
1) for gold chart above, I used SAME SETTING AS OIL CHART2) so first, the BLUE CURVE HAS NOT TURNED UP
3) even if it turns AGGRESSIVELY tomorrow, IT CAN'T STOP THE RED CURVE FROM FALLING
4) especially when the red curve falls under the DARK GRAY CURVE
5) hence, on ONE SET OF IRL alone (ratio 13/16 if you have it), you can see why gold needs to go sideways AT LEAST UNTIL MAY
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.