Gold: Pattern

  • Comparison between the recent gold price (ETF: GLD / blue line) and the best price matches of the past (red line).
  • The patterns of the past are adjusted to the recent price and volatility.
  • I like to enhance my investment process with some pure quantitative approaches to eliminate possible confirmation biases.
  • Conclusion: short-term directly higher or slightly more consolidation, medium-term clearly higher prices expected.

 

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