RizeSenpai

Gold to Repeat the 80s by Undoing 20+ Years of Price Action

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold seems to be on track to completing a fractal of the mid 70s to Late 90s where it resets over 20 years of Price of Bullish Price action by way of losing over 70% of its value after a previous inflation fueled rally. Now we can see that we have the 20 Year Trend Line, A bearish Alt Bat, Bearish PPO Confirmation, and Bearish Divergence all as we head back towards trend where we will likely break and begin what will probably a long and slow decline down until we reach the 20-30 year lows at around $253.

This is basically a followup to my last 2 macro gold charts that I will provide in the related idea section below.

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