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the amazing part of this rally has been the strength in the us dollar and the bonds.
if you go back to 1995 trend lines in gold, we are about the hit that trend line on the weekly chart. there is no bigger trend line. if you break that line that would suggest a multi year bull run in the gold. something big is coming for sure, but gold still needs to bust through that trendline. the last 5 times gold went up to the trend line, the gold market fell apart.
i am using the Wycoff method for accumulation and distribution. there is nothing that would make me be more happy than being wrong on this!
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