Again, people are continuing to cry about ''gold price manipulation'', but fail to run any technical analysis. Just look at the charts. Here are 3 Powerful Trend lines. Play the price action between them and don't even bother looking at the daily movements as if they matter. Why you would bother looking at anything smaller than the daily is beyond me.
Your map is below. The Countdown is on. When the price hits the X, expect chaos.
Keep in mind, markets move according to sentiment. If it's very bullish, expect markets to drop and vice versa. The speculators get on the wrong side and bankers wipe them out and take their money.
The Plan:
If the price of gold plummets to this trend line target fast enough, it will push sentiment levels down to the extremes we saw back in November 2015. This WOULD be enough a powerful enough sentiment indicator to push gold into a Elliot Wave 3 up to $1500+
If, however, gold takes its sweet time getting down there in a choppy up and down pattern, sentiment will stay neutral, indicating a continued drop.... in which case we should probably sell all of our gold holdings... sadly.
OKAY. Thanks. Go forth and make monies!
-JT
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