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Wednesday, 20 November 2019
Updated Technicals on Gold: 20 November 2019, Wednesday
Updated Technicals on Gold:
20 November 2019, Wednesday (Click on the Technical Chart Above to Expand)
Attached is the Updated Technicals on Gold. This has extremely important implication for all Gold Stocks, SPDR Gold ETFs, Gold Miners and anything related to precious metals. The 2 orange circled zones are zones of massive re-accumulation. The dy/dx = z of the first breakup resulted in where we are now (dark black parallel trajectories). Gold is preparing for next major upwave which will hit a target of guaranteed $1850 per ounce (refer technicals and study in detail). This upmove will be a repeated pattern except that it will be sharper with a dy/dx = w. The gradient w will bring Gold to a measured $1850 in this immediate wave (my longer term wave is a guaranteed >$2000 an ounce). The blue zone is where the dy/dx = z is extremely close to completion brewing for next dy/dx = w that will bring Gold to $1850.
The Donovan Norfolk Technical Rating: Bullish short term, mid term and long term -- all 3 time frames.
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