Auguraltrader

Gold volatility in play

COMEX:GC1!   Futures Oro
The sudden drop in Gold was expected (privately shared) within a circle. But what was surprising was the immense drop, spurred by the sudden spike in the USD.

Noted that there appears to be an inverse Head adn Shoulders pattern forming, and the neckline and extension is marked in purple.

Projection for down and a fast up to 2100 in mid-October 2021 (previously September).

Watch for the bounce!

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