XAU/USD Gold (spot)

Some will see a head and shoulders but it is ill-formed and improbable. In favor of a continuation of the bull is the consequential of further correction (involving multiple impacts of wave 4 with wave 1 among the gold mining equities) which would terminate the bull and herald the return of the cycle degree (or higher) bear trend. Such an outcome would not sit comfortably with many Central Banks and could lead to general currency instability. Unfortunately we can rule out nothing, just weigh the possibilities against any probabilities.

LINK:  Previous XAU/USD Chart

LINK:  Copper

The Global Totalitarian Era - Historical Evidence Lives On