william schmaltz
WKR
Here's Gold on the 4 hour chart. I've had this zone marked up for over a month. Even though inflation is through the roof, Gold hasn't made a new high since August. It's not even consolidating with money printers running around the clock, it's making lower highs. Gold is looking to retrace back to the 50%-61.8% zone right at the trend line at the exact same time the government is on the verge of authorizing another $4 Trillion of debt. I'm watching this zone very close. If it can't break the trend line and rejects this zone, it's clear that there is a new (true) hedge against inflation. There will be crypto fireworks.

