retro48

Inverted H&S reversal likely building. Bearish continuation structure on Left Shoulder likely sees a mirroring effect here, synchronicity is common in shoulder formations and makes for a stronger neckline. Targeting 2392 (+25%) should we get a meaningful break of 1820 level.Trade Status - Pending. Likely to chop around a bit more first (see potetnial left shoulder formation). Look for tightening volatility compression for more optimal entry.

Valid volatility squeeze by my methodology. Break of 2666 sees a likely run of 2910 with possible overperformance to the 3k level.5.5 RR potential set up with clean structure

I see many similarities between our current macro economic environment and that of four years prior.Banks were in a very tough spot and crisis was imminent, in March 2020 we have Covid 19, a global shut down and a humongous financial bailout. Fast forward to present day, the situation is un changed, arguably a lot worse with the amount of stimulus since 2020. The same issues plague the economy and the debt markets are (in my opinion) primed to explode. In 2020 we see gold in the early stages of a bull market having made a pattern structure target by my analysis at 1566. Notice almost immediately prior to this we see a global crisis and a flash crash across the markets.Now we compare to present day. Gold has recently made new highs and looks to be setting up for further upside which would likely reach target once again in the month or March. Will history repeat??