Spoo held cloud support @ last nights low on the 50X3 and the 240 min.
Gold bounced off the 50 & 200 DMA cross vs Bitcoin.
I’m trying to get a sense of the next move. I have a 4200 target but that doesn’t help in the near term.
Perspective…Gold took 4 years to get to my 2500 target. It took another year to rally another 1K which seemed to be mainly off shore buyers.
Since the Spoo topped 2/18/25 fomo has set in with U.S. based investors.
The last few hundred dollars and the spikes above the 2 yr. weekly trend lines.
Trading is time and target.
Volatility is up since Feb accelerating time to targets in pretty much
everything.
I’m saying all this because I will need to see the price action going into the beginning of April to determine whether Gold digests for a bit or goes exponential again.
Leadership skills and management style out of Washington currently reflects the buy any dip mentality.