On the heels of the recent volatility in the gold market it is important to take a step back and focus on the big picture which is beautiful for the Metal of Kings. Take a look for yourself…
Gold Priced In World Currencies
January 11 (King World News) – Graddhy out of Sweden: $XAUWCU (Gold priced in world currencies) has now backtested the blue breakout and is holding.
Gold Priced In World Currencies Is In A Parabola. Expect A Mania At Some Point As The Trend Accelerates
Above is a FIAT currencies roadmap chart, since it is made up of all the underlying major currencies. It is the collected [world] FIAT [currencies] vs gold chart.
And, $XAUUSD (gold priced in US dollars) will follow [higher, even though gold has already hit a new all-time high recently].
This chart is also your call to action…
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Gold
Graddhy out of Sweden: Here is another view of what many call a triple top for $GOLD. It´s not a triple top, it’s a perfect bullish expanding falling wedge.
Gold Is Close Breaking Out Once Again vs US Dollar. After A Brief Consolidation It Will Be Off To The Races Aggressively On The Upside.
It has had many attempts to break above pink line, and the more times a resistance gets tested, the more likely it will break.
And it will break.
King World News note: The action on the upside will be explosive after gold breaks above the pink line and finishes consolidating. Meaning the upside action in the gold market will be quite violent.
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