Gold continues to be the best performing asset thus far in this century.
Best the rest of the technicals not in gold's favor.
Positions as of Tuesday, February 16, 2021
Over the last couple of weeks most of the PM stock indexes have formed a small blue consolidation pattern right around the neckline with most of them breaking out to the downside.
The bullion banks are stuck in a big short position and trying to get out. I warned you about these attacks.
Lower highs and lower lows. About to get the 100 day crossing the 200 dma.
My personal advise is to use a part of the profit from bitcoin to buy physical gold and only physical gold.
Gold needs to break $1,856.60 to turn a now lower-low set-up. $1,828 is the 18-day moving average.
At some point there will be another volatility event. It will not be the top of the bull market it but it will be its final buying opportunity.
This pattern of covid rates going down, rates going higher, hurts markets. Gold still in a downtrend. $1,784.60 key to hold
