It's quite interesting exercise to check past patterns
if it is applicable to the current price structure
I scrolled back to distant 2011 where the gold peaked around $1,900,
copied the structure from there and pasted to the current peak
I fitted the bar pattern (faded blue bars) with tops and bottoms
It looks similar to the current structure as extremes align almost perfectly
It also matches with the map I posted earlier last week with bit more volatility
if it is applicable to the current price structure
I scrolled back to distant 2011 where the gold peaked around $1,900,
copied the structure from there and pasted to the current peak
I fitted the bar pattern (faded blue bars) with tops and bottoms
It looks similar to the current structure as extremes align almost perfectly
It also matches with the map I posted earlier last week with bit more volatility
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