🏆 GOLD - 20th week of the basic cycle

 🏆 GOLD - 20th week of the basic cycle (15-20 weeks, sometimes more). Possibly the first week of a new basic cycle. The extreme on June 20 worked down, as promised on June 17 (https://t.me/jointradeview/137).

🐻 If gold reverses this week, the position (if open) can be turned over, and on July 1 (week 20 of the cycle) we will expect a new low or double bottom.

Here it will be possible depending on the situation

👉 try again to enter a new basic cycle or

👉 to see if we are already in a new bearish base cycle that could begin on June 10th.

⚠️ This is also from the post of June 17 (https://t.me/jointradeview/137). At the close of Friday, we have a double bottom and a daily upward signal from June 27 (two days before the forecast extreme on July 1 (https://t.me/jointradeview/15)). We are trying to enter a new cycle. Carefully! There is no weekly signal yet. Bearish cycle risks remain.

By the way, V on the chart is a forecast signal on June 17 (https://t.me/jointradeview/137).

Attention to June 17 and 20. These extremes are greater for oil, but can also work for gold.

⚠️ Signals of this type always reverse a mature gold base cycle. Often this does not happen immediately, but for sure. As a rule, gold does not make a new low after this signal (if not bearish).

👉 See also Results of the week 24.6-28.6 / Forecast (https://t.me/jointradeview/150).