I think so…
Will keep this brief.
On the above 1-month chart:
1) Orange line = price of spot gold.
2) Candles = Dow Jones / Spot gold ratio
On the ratio it is very clear to see when the market is ‘risk on’ and ‘risk off’.
During ‘risk off’ Gold surges (purple lines) and risk assets plummet. Now look at he month candle on this ratio. This is a monthly Dragonfly DOJI candle. This is rocket fuel.
This candle is printing after a surge in gold price action with following distribution.
How to play it:
1) Be ‘risk on’, enjoy the ride.
2) When the orange line meets the candles, be in gold. Someone ask me below for an update. Am not always watching and if you’ve got free hours to spend then get in touch.
Good luck!
Ww