Charts: Gold's Wedge Structure Breakdown

The Moving Average Dance Starts

Housekeeping: Good Morning.

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Charts:

1. Gold is (and is not) Wedged in now.

2. Zooming out: the wedge contextualized within Gold’s Long Term trend…

3. Same Chart with the 50dma (above) and 100 dma (below)…

4. Here is the 200 DMA coming up to top of trend channel and wedge….

5. Wedges Frequently Lead to Moving Average Dances when the 200 dma catches up….

6. Here is Gold vs Gold Volatility…

7. Gold Versus Volatility in the shorter term…

8. Gold versus the 10 year Bond relationship (inverted) was destroyed when the US sanctioned Russia…

9. Gold continues to ignore USD strength (inverted) because they want the gold…

10. Bonus: Bloomberg on Gold

Gold is (and is not) Wedged in now.

Something Old Gold would do frequently…

Zooming out: the wedge contextualized within Gold’s Long Term trend…

which it has broken above… ht Michael Oliver