OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

@Maddog PS On The Gold Uptrend

Posted by Mr.Copper @ 16:46 on April 16, 2021  

By looking at the chart going back to mid 2018, it looks to me, like Gold got destabilized, or thrown off stride, when that stupid Chinese Imported Virus hit the news in early 2000.

That news psychologically scared the price down, then the newer news (inflation bailouts) later in the year psychologically drove the price way too high too soon, to up near $2100.

So in my view it took since the August high to the March low, 8 months to digest the situation. This chart with 1 week bars looks like a go long to me. Get back above that blue 50 dma line. See what you think.

https://schrts.co/CHVCGnJF

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.