Gold vs. dollar structural data calculations indicate gold is repeating the March 2008 to November 2008 chart structure on a much longer time frame during 2020 and 2021. The current structure started on August 7, 2020 with a high of 2075.11. As of July 23, 2021 gold reflects a similar structural position to where it was on July 28, 2008. This was just prior to the stock market collapse in 2008. Gold is expected to be extremely volatile during the last half of 2021 as it moves lower between July 2021 and November 2021. A price level of 1435 is expected by November 2021 before moving higher.
Intermarket structural analysis research