A closer look at the psychology of the Market Cycle
If you compare the cycles and their behavior, this could get a lot more worst than it is right now. I drew the different stages of the rise and the eventual melt down, so maybe someone is interested in it. Keep some dry powder for the depression mode. Cash might not be the right powder;), but who knows.
XAUUSD
XAGUSD
I also put the fibonacci in so you see some nice levels and possible reaction areas.
This would be a hell of a drop has already started in my opinion. I am not a pessimist but that's how it goes when you don't care about overextension in almost every sector in the us. When it happens it will go into history as the Everything Bubble
Just my opinion so make your own research
And like always
May the markets be with you
More likely than the upper chart but the overall view does not look that good so let it drop