The Big Picture

Occasionally it is beneficial to stand back and look at the big picture. This week we will do that with stocks and gold.

The decline into the ICL has stretched the ‘elastic band’ lower. This quick recovery of the all time highs could trigger a final melt-up phase.

Gold is in a monthly triangle consolidation. In a triangle consolidation the cycle low can migrate to the apex of the triangle. A break out of this consolidation should result in a powerful trending move.

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