Gold's Long-term Turning Point is Here

From sunshineprofits.com

Historical precedents are in many a technician's toolbox - and it's a tool they reach for with success repeatedly. Does the yellow metal offer any interesting parallels? Gold had declined and it recovered, but the above simply prolongs the 2008-2020 analogy; it doesn't invalidate it. Today, gold is attempting to break above the previous highs, but it's not being successful in that. Gold topped about a dollar below the May high and just like it was the case in May, and in April, gold quickly moved down from these levels. Gold futures are at $1,756 at the moment of writing these words, which means that gold invalidated ... (full story)