GOLD: I don't understand what's so complicated about Gold.
Below 1920: Must avoid.
Above 1920 on weekly and monthly closing basis: Breakout of epic proportions.

More from Mayank Narula
Cyclical stocks (metals, commodities, even auto) have the lowest PE multiples right around the top when cycle is about to turn.
That's when they suck in the retail.
That's when they suck in the retail.
50 % drawdown in sail done from high of 150 to 75 now.
— Sandeep M (@Sandeep_Majjigi) May 23, 2022
Without knowing how to play the cyclicals one would lose a lot of money there looking at pe ratio in single digit.
More from Gold
From 1850 to 1990$ - the GOLD is getting more interesting. I will be adding up more if the resistance is taken off and the price follows through.
GOLD https://t.co/l6pEGDpAkL
GOLD https://t.co/l6pEGDpAkL

Most interesting chart:
— The_Chartist \U0001f4c8 (@charts_zone) February 12, 2022
Orange line = Gold
Blue Curve = Gold/S&P 500
Previously the ratio crossed 50 days MA in Feb' 20 with Gold giving a breakout on the charts. The previous cross of 50 days MA didn't result in gold breaking out. pic.twitter.com/HRG1fvsILp