Gold Gold Daily Video, March 04, 2020

[Sive Morten]

Good morning,

Gold shows good impulse action and keeps chances on continuation. We suggest that 1618 support cluster will be vital for this scenario:

 

[minimax]

I think the only way to save the world recession is to loose gold due North.. We might get drop below last low on Daily TF again but with no real cause, just to wipe traders..
Indeces are too expensive in gold so higher the gold less deep rerace on indeces.
If DJI retraces about 38% on Monthly the price would be about 20.000.. DJI did not retrace to 50% from HH yet so I expect this and then turn down..

DJI	Ratio	Gold	Ratio	Silver
20.000,000	6,000	3.333,333	0,022	74,074
20.000,000	6,250	3.200,000	0,022	71,111
20.000,000	6,500	3.076,923	0,022	68,376
20.000,000	6,750	2.962,963	0,022	65,844
20.000,000	7,000	2.857,143	0,022	63,492
20.000,000	7,250	2.758,621	0,022	61,303
20.000,000	7,500	2.666,667	0,022	59,259
20.000,000	7,750	2.580,645	0,022	57,348
20.000,000	8,000	2.500,000	0,022	55,556