with Anthony, ZigZag & Platy
In this post we saw that gold is following a nice invertible pattern, which may help us to look ahead at future behavior. The graph can be rotated about the pivot point to extrapolate a similar shape in the future as that from the past. The pattern can be followed roughly both in time and shape.
An update is shown below. We are currently at the blue circle, which correlates to the small correction at the end of 2007. If the pattern continues to hold, we should see gold remaining very bullish for the next few months, then slowing down after a re-test of the high but remaining bullish for the next few years.