Waiting for $GOLD to dump a bit, I need to load up again 🥲

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$GOLD Update
DCB in progress? https://t.co/BWP6cDBovr
$GOLD 1W
Initial bounce from the 50W EMA (and monthly band), but rejected for now by the weekly band (20W EMA).
50w next again, DCB into a LH or actually a new leg up?
This still looks heavy, so I'll keep monitoring.
I've added 2020's PA (if this is the top like back then) with BTC overlaid. See the bounce from the 50 into a LH and a loss later on.
$GOLD reached a critical mass in global euphoria. Gold is now entering distribution based price action characteristics. $BTC 2018 is a great example.
What does it mean?
⚬ $GOLD Top = Risk-on
⚬ #Bitcoin and #Crypto (do the opposite) -> enter accumulation as $GOLD distributes. https://t.co/kM2B1bCcdc
$GOLD is a bet against optimism. It performs well during global uncertainty. When $GOLD declines it usually means global confidence is increasing, which is when Low Cap stocks & Crypto perform very well.
This year is the transition year from global uncertainty to confidence.